Tagged: FDIC

Obama’s financial regulatory reform

In an effort to curb the risk-taking that triggered the global financial crisis, the Obama administration today unveils its sweeping plan to overhaul U.S. financial regulations.  School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and a former counsel to the Federal Reserve Board of Governors, can discuss […]

Banks: Regulation plan just proposals

The banking industry is taking a wait-and-see attitude about reports about the Obama administration’s proposals to overhaul the regulation of financial services.  The plans will be formally announced Wednesday.  Robert Bench, a former deputy Comptroller of the Currency now a senior fellow at the School of Law’s Morin Center for Banking and Financial Law, can […]

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 […]

FDIC pushing shake-up at Citi

The FDIC is reportedly urging a major shift in Citigroup’s executive lineup, including moving CEO Pandit to get more commercial-banking experience at the top of the bailed-out former investment firm.  Citi’s other regulators (the Fed and OCC) may not agree.  School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial […]

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 […]

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. […]

Public/private partnerships to buy toxic assets

School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Overseers, says Treasury’s plan to buy up toxic bank assets is thin on inducements for private investors to get involved. “It appears that the plan is going to be very heavy on […]