{"id":5512,"date":"2010-05-11T17:43:12","date_gmt":"2010-05-11T22:43:12","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=5512"},"modified":"2011-01-20T14:30:42","modified_gmt":"2011-01-20T19:30:42","slug":"fdic-floats-bank-reform-proposals","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2010\/05\/11\/fdic-floats-bank-reform-proposals\/","title":{"rendered":"FDIC floats bank-reform proposals"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignright size-full wp-image-5515\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/05\/FDIC-seal1.jpg\" alt=\"FDIC seal\" width=\"105\" height=\"46\" \/><a href=\"http:\/\/www.fdic.gov\/\">The Federal Deposit Insurance Corp<\/a>. is <a title=\"proposing\" href=\"http:\/\/abcnews.go.com\/Business\/wireStory?id=10613660\" target=\"_blank\">proposing<\/a> that the top 40 U.S. banks &#8212; with assets totaling $8.3 trillion &#8212; submit &#8220;living wills&#8221; to show how they could be split off from parent companies and wound down.\u00a0 In parallel with Congressional reform efforts, the FDIC also is proposing that those selling securitiezed assets retain 5% of the risk on those assets.\u00a0 <a href=\"http:\/\/www.bu.edu\/law\/\">Law<\/a> Professor <a title=\"Cornelius Hurley\" href=\"http:\/\/www.bu.edu\/law\/faculty\/profiles\/bios\/banking\/hurley.html\" target=\"_blank\">Cornelius Hurley<\/a>, director of the <a title=\"Morin Center for Banking and Financial Law\" href=\"http:\/\/www.bu.edu\/law\/morincenter\/\" target=\"_self\">Morin Center for Banking and Financial Law <\/a>and a former counsel to the <a href=\"http:\/\/www.federalreserve.gov\/\">Fed Board of Governors<\/a>, says the FDIC&#8217;s proposal preempt several sister regulatory agencies.<\/p>\n<p><em>&#8220;If the FDIC was attempting to make the case for federal regulatory consolidation, its ill-timed proposals hit the mark.\u201d<\/em><\/p>\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>The Federal Deposit Insurance Corp. is proposing that the top 40 U.S. banks &#8212; with assets totaling $8.3 trillion &#8212; submit &#8220;living wills&#8221; to show how they could be split off from parent companies and wound down.\u00a0 In parallel with Congressional reform efforts, the FDIC also is proposing that those selling securitiezed assets retain 5% [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491],"tags":[2787,1918,657,2851,2786,2846,2852,2788],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5512"}],"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=5512"}],"version-history":[{"count":7,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5512\/revisions"}],"predecessor-version":[{"id":7753,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5512\/revisions\/7753"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=5512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=5512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=5512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}