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Columbia Business School, M.S. Business Policy, 1983
Cornell University, J.D., 1975
Vanderbilt University, B.A., 1970, cum laude
Bradley Sabel is partner and co-head of Shearman & Sterling’s Financial Institutions Advisory & Financial Regulatory practice group. Prior to joining the firm in 1994, he was an attorney for the Federal Reserve Bank of New York for 18 years, advising on all aspects of U.S. bank regulation and supervision with a special focus on domestic and foreign activities of U.S. and foreign banks, reserve requirements, margin requirements, asset freezes, and related banking issues. His practice continues to focus on advising banking institutions and others on U.S. bank regulations, including the impact and potential consequences of the significant reforms of the financial crisis period beginning in 2007. He has published articles on the Federal Reserve’s discount window operations, Federal Deposit Insurance Corporation deposit insurance requirements, the Federal Reserve’s Regulations D and Q and its margin requirements, banker’s acceptances, asset sales, loan participations as “securities,” and permissible U.S. activities of foreign banks, and has been a frequent speaker before U.S. and international bank audiences on the same topics. Commenting on regulatory activity, Mr. Sabel has been quoted in several prominent publications and news agencies, including The Associated Press, The Wall Street Journal and The Financial Times.
In 2010, American Lawyer named Mr. Sabel a Dealmaker of the Year for his representation of IntercontinentalExchange, Inc., in the formation of ICE U.S. Trust LLC, a New York limited purpose trust company and member of the Federal Reserve System that was the first U.S. clearinghouse for credit default swaps. Mr. Sabel has represented many major financial institutions in transactions that have become landmarks in the evolution of the international financial system, including Citicorp in its combination with Travelers to form Citigroup, Morgan Stanley in its combination with Dean Witter, the formation of Mizuho Financial Group from three Japanese banks, and the U.S. expansion of Banco Itau Unibanco S.A. of Brazil.
- Intercontinental Exchange, Inc. in its acquisition of The Clearing Corporation and its formation of a credit default swap clearing house
- Mizuho in its acquisition of a minority interest in Evercore Partners Inc.
- Banco Itaú in its acquisition of Unibanco
- Merrill Lynch in its acquisition by Bank of America
- Sterling Bancshares in its sale to Comerica
- Fairfax in its portfolio investment in the Bank of Ireland
- Royal Bank of Scotland in its acquisition of ABN AMRO Holding N.V.
- Citicorp in its merger with The Travelers Group
- Morgan Stanley in its merger with Dean Witter, Discover & Co.
- Banco Itaú in its acquisition of the Florida private banking businesses of Bank of America and ABN AMRO
- National Bank of Greece in its sale of Atlantic Bank of New York
- Société Générale, S.A. in its acquisition of Trust Company of the West
- The Industrial Bank of Japan, Limited in the formation of Mizuho Holdings, Inc.
- The Sanwa Bank, Limited in the formation of UFJ Holdings, Inc.
- UFJ Holdings in its merger with Mitsubishi Tokyo Financial Group
- UFJ Bank Limited in its sale of United California Bank to BNP Paribas
- Many foreign banks in their acquisitions and establishment of U.S. offices
Selected Professional & Business Activities
Mr. Sabel was named a 2009 “Dealmaker of the Year” by American Lawyer for his work on the creation of ICE Trust, a clearinghouse for credit default swaps
Association of the Bar of the City of New York (former Chair, Banking Law Committee)
American Bar Association, Business Law Section
- Co-author of “Dodd-Frank: Derivatives as Credit Extensions of Banks,” NYU JOURNAL OF LAW & BUSINESS, Fall 2010
- Author of Reserve Requirements of Branches and Agencies of Foreign Banks, REGULATION OF FOREIGN BANKS, Butterworths Legal Publishers, 5th edition, 2008
- Co-author of Securities Activities of Foreign Banks in the U.S., REGULATION OF FOREIGN BANKS, Butterworths Legal Publishers, 5th edition, 2008
- Author of “The Fed’s Discount Window and the New Term Auction Facility,” REVIEW OF BANKING & FINANCIAL SERVICES, March 2008
- Author of articles concerning foreign bank acquisitions in the U.S., margin regulations, and loan participations