As a monitor, Neil Barofsky counsels financial services companies, labor organizations, and other entities challenged with government regulatory issues, helping ensure compliance today and tomorrow. Neil currently serves as the Independent Ombudsperson over Credit Suisse’s investigation into its historical Nazi ties, as the court-appointed monitor for the United Auto Workers labor union, and as the government appointed co-monitor of the New York City Housing Authority. He previously monitored Credit Suisse on behalf of the New York State Department of Financial Services as part of its $2.6 billion tax settlement and also served as the DOJ-appointed monitor of Credit Suisse for its $5.3 billion RMBS settlement. His work on monitorships earned Neil national recognition from the New York Law Journal as a Trailblazer. He serves as Co-Chair of the firm’s Monitorship Practice.
Deep law enforcement experience is key to Neil’s insights and solutions. He spent eight years as a prosecutor in the US Attorney’s Office for the Southern District of New York in the Securities and Commodities Fraud Unit, and later founded and led the office’s Mortgage Fraud Group as Senior Trial Counsel. Neil also has multifaceted experience overseeing large complex organizations. He established and led the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), a law enforcement agency that brought greater transparency and accountability to TARP and recommended ways to improve the program, protecting taxpayers from fraud-related losses, yielding significant results. Before joining Jenner & Block, Neil was Senior Fellow at New York University School of Law’s Center on the Administration of Criminal Law and an adjunct professor there as well.
Neil’s government experience gives him an intimate understanding of how organizations work, the expectations of government regulators, and how to lead a compliance and auditing organization. When organizations face serious regulatory penalties, Neil helps determine what went wrong and how to remediate the problems. He makes government agencies confident someone is watching over the company to prevent future mistakes and makes companies and their boards confident they are doing the right things to achieve the necessary reforms.
A frequent speaker and commentator on financial regulation, Neil was a senior contributing editor for Bloomberg TV and has written opinion columns for publications such as The New York Times, the Financial Times, and others. Neil edited the Guide to Monitorships and wrote a key chapter of that critical treatise. He is also the author of Bailout, The New York Times bestselling book about his experiences as SIGTARP during the 2008-9 financial crisis.
When you work collaboratively and cooperatively to identify the root causes of problems, figuring out the best way to solve them happens faster.
Credentials
Service / Recognition
Overview
As a monitor, Neil Barofsky counsels financial services companies, labor organizations, and other entities challenged with government regulatory issues, helping ensure compliance today and tomorrow. Neil currently serves as the Independent Ombudsperson over Credit Suisse’s investigation into its historical Nazi ties, as the court-appointed monitor for the United Auto Workers labor union, and as the government appointed co-monitor of the New York City Housing Authority. He previously monitored Credit Suisse on behalf of the New York State Department of Financial Services as part of its $2.6 billion tax settlement and also served as the DOJ-appointed monitor of Credit Suisse for its $5.3 billion RMBS settlement. His work on monitorships earned Neil national recognition from the New York Law Journal as a Trailblazer. He serves as Co-Chair of the firm’s Monitorship Practice.
Deep law enforcement experience is key to Neil’s insights and solutions. He spent eight years as a prosecutor in the US Attorney’s Office for the Southern District of New York in the Securities and Commodities Fraud Unit, and later founded and led the office’s Mortgage Fraud Group as Senior Trial Counsel. Neil also has multifaceted experience overseeing large complex organizations. He established and led the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), a law enforcement agency that brought greater transparency and accountability to TARP and recommended ways to improve the program, protecting taxpayers from fraud-related losses, yielding significant results. Before joining Jenner & Block, Neil was Senior Fellow at New York University School of Law’s Center on the Administration of Criminal Law and an adjunct professor there as well.
Neil’s government experience gives him an intimate understanding of how organizations work, the expectations of government regulators, and how to lead a compliance and auditing organization. When organizations face serious regulatory penalties, Neil helps determine what went wrong and how to remediate the problems. He makes government agencies confident someone is watching over the company to prevent future mistakes and makes companies and their boards confident they are doing the right things to achieve the necessary reforms.
A frequent speaker and commentator on financial regulation, Neil was a senior contributing editor for Bloomberg TV and has written opinion columns for publications such as The New York Times, the Financial Times, and others. Neil edited the Guide to Monitorships and wrote a key chapter of that critical treatise. He is also the author of Bailout, The New York Times bestselling book about his experiences as SIGTARP during the 2008-9 financial crisis.
When you work collaboratively and cooperatively to identify the root causes of problems, figuring out the best way to solve them happens faster.
Areas of Focus
Credentials
Admissions
- New York
Education
- New York University School of Law, JD, magna cum laude; Order of the Coif, 1995
- University of Pennsylvania, Wharton School of Business, BS, magna cum laude, 1992
- University of Pennsylvania, College of Arts and Sciences, BA, magna cum laude; with distinction, 1992
Court Admissions
- US Supreme Court
- US District Court, Eastern District of New York
- US District Court, Southern District of New York
Service / Recognition
Awards
- Attorney General, John Marshall Award, 2007
- Executive Office of the United States Attorneys, Director’s Award, 2008
- National Law Journal, Regulatory and Compliance Trailblazer, 2015
- National Law Journal, Winning Litigator, 2015
- New York Law Journal, New York Trailblazer - Monitorships, 2019