Government hits bank pay

Dick Taffe — Thu, 22 Oct 2009 21:29:26 +0000

In unprecedented moves, President Obama’s “pay czar” has put restrictions on compensation for top earners at the 7 biggest recipients of taxpayer bailout funds, while the Federal Reserve issued new guidelines to restrict pay practices at all banks to prevent excessive risk taking. School of Management Professor James Post, an expert on corporate governance and business ethics, says the times are a-changin’.

“We are in a new era of financial reform and it’s clear that Wall Street’s ‘heads I win, tails I don’t lose’ mindset is going to be challenged by the White House, the pay czar, and ordinary Americans.”

Contact James Post, 617-353-4162, jepost@bu.edu

“Stress Tests” Done, Now What?

Dick Taffe — Mon, 11 May 2009 14:09:59 +0000

With the government’s “stress tests” now completed on the nation’s largest banks, School of Management risk expert Mark T. Williams, a former Federal Reserve bank examiner, looks at the lessons learned and what happens next. “Stronger capital requirements, better regulatory risk oversight, and banks with a stronger handle on fundamental risk-management principles should help reduce the chance of another banking meltdown,” he says in a Reuters commentary.

Contact Mark T. Williams, 617-358-2789, williams@bu.edu

BU Now » risk management

Government hits bank pay

“Stress Tests” Done, Now What?