{"id":2572,"date":"2009-07-31T11:34:38","date_gmt":"2009-07-31T15:34:38","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=2572"},"modified":"2009-07-31T11:34:38","modified_gmt":"2009-07-31T15:34:38","slug":"regulators-pressuring-banks","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2009\/07\/31\/regulators-pressuring-banks\/","title":{"rendered":"Regulators pressuring banks"},"content":{"rendered":"<p>Federal regulators reportedly \u00a0have <a title=\"ratcheted up significantly\" href=\"http:\/\/online.wsj.com\/article\/SB124900956863596085.html#mod=djemalertNEWS\" target=\"_blank\">ratcheted up significantly <\/a>the number of &#8220;memorandums of understanding&#8221; probation notices sent to troubled banks this year.\u00a0 The notices can force banks to shore up capital reserves or\u00a0change management.\u00a0 School of Law Professor <a title=\"Cornelius Hurley\" href=\"http:\/\/www.bu.edu\/law\/faculty\/profiles\/bios\/banking\/hurley.html\" target=\"_blank\">Cornelius Hurley<\/a>, a former counsel to the Federal Reserve Board of Governors and now director of the Morin Center for Banking and Financial Law, says the moves underscore the need for regulatory reform.<\/p>\n<blockquote><p><em>&#8220;One does not get the sense that federal enforcement policy among the Fed, OCC, OTS, and the FDIC is coordinated in any way, as it would be if Obama&#8217;s original idea of a consolidated prudential regulator were implemented.&#8221;<\/em><\/p><\/blockquote>\n<p>Contact Cornelius Hurley, 617-353-5427, <a href=\"mailto:ckhurley@bu.edu\">ckhurley@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal regulators reportedly \u00a0have ratcheted up significantly the number of &#8220;memorandums of understanding&#8221; probation notices sent to troubled banks this year.\u00a0 The notices can force banks to shore up capital reserves or\u00a0change management.\u00a0 School of Law Professor Cornelius Hurley, a former counsel to the Federal Reserve Board of Governors and now director of the Morin [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[1023,657,577,1541,707],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/2572"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=2572"}],"version-history":[{"count":4,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/2572\/revisions"}],"predecessor-version":[{"id":2576,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/2572\/revisions\/2576"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=2572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=2572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=2572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}