Moore & Van Allen, PLLC

Co-head of Financial Regulatory Advice & Response

Neil Bloomfield advises financial services firms on their engagements with government authorities. Neil’s matters primarily fall into two categories—advising institutions on regulatory compliance issues and conducting investigations in response to issues raised internally or by a government authority.

Neil regularly represents clients with responses to inquiries by Federal (e.g. CFTC, OCC, FRB, SEC, IRS, DOJ, and various U.S. Attorney's offices and Congressional Commissioners), State (e.g. the North Carolina Attorney General and other state Attorneys General, and the North Carolina Department of Revenue) and international authorities (e.g. U.K. Financial Conduct Authority, European Commission, Monetary Authority of Singapore, and Hong Kong Monetary Authority). The matters range from market wide inquiries like the Panama Papers, foreign exchange trading, and LIBOR to issues experienced at individual institutions, including whistleblower complaints, concerns related to auditing practices, vendor management, customer remediation, and consumer lending.

Neil takes a holistic approach to investigations starting with uncovering the issues and representing the company under investigation, but then moving past the immediate concerns to enhance policies, procedures, monitoring, and testing to help make sure that any issues that are identified are not repeated across the enterprise. Throughout this process, Neil uses project management techniques to lead teams of more than 100 attorneys and consultants conducting investigations around the world.

Neil also assists clients in responding to a variety of regulatory requirements including legal inventory building, LIBOR transitions, Comprehensive Capital Analysis and Review (“CCAR”) for ongoing regulatory investigations and potential litigation, Recovery and Resolution Planning and related training for boards of directors, Risk Data Aggregation and Reporting Requirements, and Sarbanes-Oxley whistleblower programs. As part of this practice, Neil provides assistance in designing or enhancing programs, legal opinions, policies, and training materials to promote internal initiatives and achieve regulatory compliance.