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Jenner & Block Partners Neil M. Barofsky and Mary Ellen Callahan are recognized among The National Law Journal’s “Trailblazers” in the regulatory and compliance area. The honor recognizes people “who have made a difference navigating the ever-changing mandates of regulatory and compliance,” according to the NLJ. The publication notes that the 2015 selections comprise an “exemplary list that catalogs the extraordinary accomplishments of innovative thinkers and leading practitioners.”
In its profile of Mr. Barofsky, the NLJ explains that, as the country’s financial crisis deepened in 2008, he became the special inspector general for the Troubled Asset Relief Program; during that time, he oversaw the Treasury Department’s efforts to ensure compliance related to the $700 billion bailout. “Compliance shouldn’t just be viewed as a revenue-sapping, box-checking exercise,” Neil tells the NLJ. “It needs to be embraced in order to make sure institutions can retain profits and not lose them in settlements. The culture needs to change from the top.”
In its profile of Ms. Callahan, the NLJ explains that, in 2009, she was named the third chief privacy officer for the Department of Homeland Security and focused on embedding privacy into the infrastructure of the still relatively new agency. She tells the NLJ that she believes the future of privacy is very bright. “The ubiquitous, always-on ‘Internet of Things’ will make it more important than ever,” she says, adding that embedding privacy into the entire life cycle is critical.