Tagged: financial regulatory reform

Financial reg-reform bill under fire

Financial institutions and their allies are gearing up their lobbying effort to weaken Senator Dodd’s proposed financial regulatory reform bill.  Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and a former counsel to the Fed Board of Governors, says the proposed creation of a separate consumer-protection group within the Fed could […]

Financial reform update

Major components of financial-reform legislation are  taking shape, with the Obama administration relaxing its insistance on a stand-alone consumer protection agency and the “Volker Rule” allowing regulators to bar banks from risky investments losing support.  Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, said cutting the “Volker Rule” is a loss. […]

More power to Treasury secretary?

Senate Banking Committee Chairman Chris Dodd will propose a council of regulators — headed by the Treasury secretary — be created to monitor systemic risk across the financial spectrum.  Former Federal Reserve Bank examiner Mark Williams, who teaches finance in the School of Management is is author of “Uncontrolled Risk” about the fall of Lehman […]

Risk, not size, is bank industry’s woe

The problem isn’t that banks are too big; they’re just taking excessive risk.  Ex-Federal Reserve Bank examiner Mark T. Williams, who teaches finance in the School of  Management and is author of “Uncontrolled Risk” about the fall of Lehman Brothers, says in a Reuters commentary that any meaningful financial reform must address lending standards while tightening oversight and […]

Crimping derivatives speculation

The $450 trillion over-the-counter derivatives market, which added greatly to the economic crash, will be under scrutiny as Congress considers how to curb speculation in credit default swaps.  School of Law Professor Tamar Frankel, an authority on securities law, says regulating CDSs would help. “Credit default swaps are chisels with which our brokers, dealers and […]

Regulatory overhaul now to Congress

President Obama’s sweeping financial regulatory reform package now heads to Congress for more than a dozen committee hearings and an avalanche of lobbying by those whose ox could be gored.  Risk-management expert Mark T. Williams, a former Federal Reserve bank examiner who teaches finance in the School of Management, can discuss the players and the […]

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 […]