Tagged: regulatory reform

Fed may retain power

Under a regulatory reform measure being considered in the Senate, the Federal Reserve may yet retain oversight power over the nati0n’s biggest banks, with states and the FDIC watching over smaller banks.  Risk-management expert Mark Williams, author of “Uncontrolled Risk” who teaches finance in the School of Management, thinks it’s too soon to be trusting […]

Regulators pressuring banks

Federal regulators reportedly  have ratcheted up significantly the number of “memorandums of understanding” probation notices sent to troubled banks this year.  The notices can force banks to shore up capital reserves or change management.  School of Law Professor Cornelius Hurley, a former counsel to the Federal Reserve Board of Governors and now director of the Morin […]

“Bolder” financial reg overhaul?

Two former SEC chairman are proposing an overhaul of U.S. financial regulation that is significantly “bolder” than that recently proposed by the Treasury Department.  School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors, can compare the proposals. Contact Cornelius […]

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 […]

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 […]

G-20 and international regulatory reform

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 […]