Category: Banking

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IMF names new chief

The International Monetary Fund (IMF) today named Christine Lagarde as its new chief.  Boston University School of Law Professor Cornelius Hurley, director of the BU Center for Finance, Law & Policy and former counsel to the Fed Board of Governors, offers the following comment: “With Lagarde taking over the helm of the IMF, the global […]

Mark Williams on Fox Business: Reaction to Bernanke news conference

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

European bank stress tests

According to reports, European banking regulators will weaken parts of the bank stress tests which were created to raise investor confidence in the banking sector. Boston University law professor Cornelius Hurley, Director of BU’s Center for Finance, Law & Policy (formerly the Morin Center for Banking and Financial Law) and a former counsel to the […]

“Single rulebook” for European banks

Banks in the European Union may soon begin operating under a “single rulebook” according to Andrea Enria, the chairman of the European Banking Authority. Enria believes the move will lead to a more uniform oversight of banks. Boston University law professor Cornelius Hurley, Director of the Morin Center for Banking & Financial Law, offers the following commentary: […]

Whistleblower to turn over files to WikiLeaks

Rudolf Elmer, a former Swiss banker, is set to hand over files to WikiLeaks that show offshore bank accounts of high net worth individuals and corporations to evade tax payments. Law professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, offers the following comment: “Rudolf Elmer has demonstrated that the ‘shadow […]

Goldman Sachs releases report on changes in business practices

Goldman Sachs has released a report which sets force changes in the way it will do business. Law professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, sees the changes as a positive move. “Goldman’s plan to take the creation of structured financial products out of the hands of traders and […]