Tagged: Banks

Finance Prof. Mark Williams comments on TARP funds

Slowing financial regulatory reform

Reports say the Obama administration is cooling on the idea of seeking a swift, major reduction in the regulatory agencies overseeing the financial system.   Former Deputy Comptroller of the Currency Robert Bench, now senior fellow at the School of Law’s Morin Center for Banking and Financial Law, says it’s smarter to set priorities.  “This is absolutely […]

Stress-test report cards and management reviews for banks

Federal bank regulators today say yea or nay to the capital-raising plans at nine of the nation’s largest banks.  But today also is the deadline for banks to report an in-depth review of their management for approval by the regulators.  School of Management Professor James Post, an authority on corporate governance, can discuss long-term impact […]

Battle over derivatives regulation

Trading in complex derivatives, financial instruments like credit default swaps, in large part sparked the current economic crisis.  Now the debate has shifted to how to regulate derivatives and where to trade them.  School of Law Professor Charles Whitehead, a securities law expert and long-time Citigroup counsel, can offer some guidance as to where the […]

Single bank regulator eyed

The Obama administration is reportedly close to recommending creation of a single agency to regulate banking  as a keystone to an overhaul of the entire financial regulatory system.  From the School of Law ‘s Morin Center for Banking and Financial Law both Professor Cornelius Hurley, a former Federal Reserve counsel, and Robert Bench, former deputy Comptroller of […]

Banks want it both ways

The FDIC is being lobbied by banking trade groups for permission for banks to be able to bid on the same “toxic” assets that the banks will be putting up for sale in the government’s Public Private Investment program.  The Feds haven’t said yet if banks can have it both ways.  School of Law Professor Cornelius […]

Insurance policies fund executive pay

Reports are surfacing that big banks are using life-insurance policies to help pay bonuses, pensions, and deferred compensation owed to their executives – with the banks as the beneficiaries.  While not illegal, critics complain that the banks get tax breaks for funding such quasi-pensions, then profit when the executives die.  School of Management Professor Fred Foulkes, director […]

Small banks also facing big losses

Former deputy Comptroller of the Currency Robert Bench, now senior fellow at the School of Law’s Morin Center for Banking and Financial Law, says it’s no surprise a Wall Street Journal survey shows more than 900 mid-and small-sized banks could generate losses of $100 billion on commercial real estate loans by the end of 2010. […]

“Stress Tests” Point to Next Steps

With the release of results from the government’s “stress tests” on the nation’s largest financial institutes, 10 major banks must raise nearly $75 billion in capital.  Former Fed bank examiner Mark T. Williams, who teaches at the School of Management, says, “The race is on now: Whoever gets to market first and has the most […]

After the “Stress Tests”

Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors, looks beyond the banking “stress tests” to lessons learned. “Assuming the stress tests produced ‘material’ findings for the bank regulators (BofA’s $34 billion capital deficiency seems to be ‘material’) doesn’t this say […]