Tagged: financial regulatory reform

Derivatives amendment showdown

Enemies on all sides are coming down on Arkansas Democratic U.S. Senator Blanche Lincoln’s amendment to the regulatory reform bill that would rid banks of their lucrative derivatives business which played such a huge rule in the 2008 financial crash.  Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and […]

Financial regulatory reform crunch time

Capitol Hill negotiators from the House and Senate committees dealing with financial regulatory reform are getting down to the details of working out differences between the bills passed in respective chambers, with Democrats holding the majority votes in both.  Former Federal Reserve Bank examiner Mark Williams, who teaches finance in the School of Management and […]

Congress close to financial reg reform

The most extensive overhaul of financial regulations since the 1930s has cleared its big hurdle in the U.S. Senate and how can head to President Obama for a signature after a conference committee works out remaining differences between the House and Senate versions.  But former Federal Reserve Bank examiner Mark Williams, who teaches finance in the School of […]

Obama may get financial reform, too

On the heels of his getting a health-care reform bill through Congress (with no GOP votes), President Obama this week may get the financial-services reform package which largely reflects the administration’s original blueprint.  Political science Professor Graham Wilson, author of “Business and Politics,” says this could only make the president look good. “If Obama gets this […]

Financial regulatory reform stalled

Acknowledging the political risk of appearing to stall a popular cause, Senate Republicans voted to delay the start of floor debate on the financial regulatory reform bill — at least without some concessions first.  Experts from three BU schools — Law Professor Cornelius Hurley, Mark Williams, who teaches finance at the School of Management, and political science Professor […]

Obama pushes Wall Street on reform

President Obama returned to Manhattan to lay out his vision for Wall Street reform now inching its way through Congress.  Former deputy Comptroller of the Currency Robert Bench, now a senior fellow at the BU Law School’s Morin Center for Banking and Financial Law, says the proposed reforms don’t go far enough at reining in […]

GOP changing tone on financial reform

On the heels of the SEC suing Goldman Sachs for fraud, key Senate Republicans are easing up on earlier harsh criticism of financial regulatory reform bills offered by the Democrats.  Political science Professor Graham Wilson, author of “Only in America? American Politics in Comparative Perspective,” says the shift makes political sense. “The political costs of […]

Obama pushes for derivatives reform

President Obama says he wants more regulatory control over the trading of derivatives, the financial products that helped crash the economy, and says the Democrats’ efforts to re-regulate Wall Street will not lead to another taxpayer bailout.  Former Federal Reserve Bank examiner Mark Williams, who teaches finance at the BU School of Management and is […]

Financial crisis hearings resume

As the bipartisan Congressional commission looking into the financial meltdown resumes hearings, law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors, stops to take a look at where we’ve come and where we might be going. “While ‘Alice in Wonderland’ tops the […]

Driving derivatives deregulation

With efforts to regulate the trading of derivatives stalling in the Senate Banking Committee, members of the Senate Agriculture Comittee are taking a stab at it, hoping to add it to an 0verall financial reform bill the banking panel is crafting.  Law Professor Elizabeth Nowicki, both a former SEC attorney and Wall Street lawyer, says […]