PLC Global Finance contributor
Columbia Business School, M.S. Business Policy, 1983
Cornell University, J.D., 1975
Vanderbilt University, B.A., 1970, cum laude
Mr. Sabel joined Shearman & Sterling in 1994 and became a partner in 1997. Prior to joining the firm, he spent 18 years at the Federal Reserve Bank of New York, where he specialized in domestic and foreign bank regulatory and supervisory matters and worked extensively in other regulatory areas such as reserve requirements, margin regulations and asset freezes imposed on Iran, Libya, Iraq and Kuwait. At Shearman & Sterling he advises domestic and foreign clients on all aspects of bank regulation and regularly represents them before the Federal Reserve and other agencies. He is a co-leader of Shearman & Sterling’s Economic Stabilization Advisory Group and advises on Treasury and Federal Reserve capital and liquidity facilities. He has assisted several foreign banks in becoming financial holding companies with the Federal Reserve. He has also represented many financial organizations on bank regulatory issues arising in merger and acquisition transactions, advises on enforcement matters, and has served as an expert witness on bank regulatory topics.
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
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 South American bank subsidiaries of Bank of America
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
Association of the Bar of the City of New York (former Chair, Banking Law Committee)
American Bar Association, Business Law Section
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