June 17, 2009 at 10:43 am
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 […]
June 16, 2009 at 10:04 am
The banking industry is taking a wait-and-see attitude about reports about the Obama administration’s proposals to overhaul the regulation of financial services. The plans will be formally announced Wednesday. Robert Bench, a former deputy Comptroller of the Currency now a senior fellow at the School of Law’s Morin Center for Banking and Financial Law, can […]
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 […]
The FDIC is reportedly urging a major shift in Citigroup’s executive lineup, including moving CEO Pandit to get more commercial-banking experience at the top of the bailed-out former investment firm. Citi’s other regulators (the Fed and OCC) may not agree. School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial […]
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 […]
The FDIC is being lobbied by banking trade groups for permission for banks to be able to bid on the same “toxic” assets that the banks will be putting up for sale in the government’s Public Private Investment program. The Feds haven’t said yet if banks can have it both ways. School of Law Professor Cornelius […]
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 no surprise a Wall Street Journal survey shows more than 900 mid-and small-sized banks could generate losses of $100 billion on commercial real estate loans by the end of 2010. […]
March 23, 2009 at 10:33 am
School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Overseers, says Treasury’s plan to buy up toxic bank assets is thin on inducements for private investors to get involved. “It appears that the plan is going to be very heavy on […]
