David L. Portilla is a partner in Cravath’s Corporate Department whose practice focuses on advising international and domestic banking organizations and other financial institutions on transactional, regulatory, supervisory, enforcement and governance matters. From 2011-2013, Mr. Portilla served as a senior policy advisor to the U.S. Department of the Treasury’s Financial Stability Oversight Council office. He has a broad-gauged financial regulatory practice and is known for his expertise on the Volcker Rule, enhanced prudential standards (including capital, liquidity, governance and resolution planning) applicable to large banking organizations, prudential regulation of nonbank financial companies, and for leading advocacy efforts in response to potential regulatory or policy developments. He represents clients with respect to examination and enforcement matters involving federal and state banking agencies. He is active in advising clients on issues and policy developments related to the participation of the banking sector in cryptoasset-related activities and the broader “future of banking” debate.