Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors, says the G-20 communique outlining new international financial regulatory reforms marks a new era.
“The specificity of the G-20 pact signals a new era of cross-border cooperation on an array of regulatory matters. On a broad range of issues – from banking to hedge funds to systemic risk – look for U.S. hegemony to be replaced by international consultation and cooperation.”
Contact Cornelius Hurley, 617-353-5427, ckhurley@bu.edu
