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 matters.  On a broad range of issues – from banking to hedge funds to systemic risk – look for U.S. hegemony to be replaced by international consultation and cooperation.”

Contact Cornelius Hurley, 617-353-5427, ckhurley@bu.edu

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