{"id":6289,"date":"2010-07-08T13:59:37","date_gmt":"2010-07-08T18:59:37","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=6289"},"modified":"2011-01-20T14:02:18","modified_gmt":"2011-01-20T19:02:18","slug":"the-weak-link-in-bank-reform","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2010\/07\/08\/the-weak-link-in-bank-reform\/","title":{"rendered":"The weak link in bank reform"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignright size-thumbnail wp-image-6290\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/07\/federal-reserve-400-150x150.jpg\" alt=\"federal-reserve-400\" width=\"120\" height=\"120\" \/>The financial regulatory reform legislation likely to be sent soon\u00a0to President Obama calls for the biggest banks and hedge funds to put up some $20 billion in fees to pay the costs of additional oversight by regulators.\u00a0 But even that won&#8217;t help regulators don&#8217;t quickly upgrade the training and standards of rank-and-file examiners, says <a title=\"Mark Williams\" href=\"http:\/\/smgnet.bu.edu\/mgmt_new\/profiles\/WilliamsMark.html\" target=\"_blank\">Mark Williams<\/a>, a former Fed examiner who now teaches finance in the School of Management.\u00a0 In a <em>Boston Globe<\/em> <a title=\"op-ed\" href=\"http:\/\/www.boston.com\/bostonglobe\/editorial_opinion\/oped\/articles\/2010\/07\/08\/the_weak_link_in_bank_reform\/\" target=\"_blank\">op-ed<\/a>, Williams &#8212; author of &#8220;<em><a title=\"Uncontrolled Risk\" href=\"http:\/\/www.uncontrolledrisk.com\/\" target=\"_blank\">Uncontrolled Risk<\/a><\/em>&#8221; about the fall of Lehman Brothers &#8212; says if bank examiner performance over the last decade is an indicator,\u00a0oversight may prove grossly inadequate unless the regulators become as financial sophisticated as those they&#8217;re supposed to regulate.<\/p>\n<p><em>&#8220;Our entire financial system is dependent on strengthening regulator oversight and closing this sophistication gap.&#8221;<\/em><\/p>\n<p>Contact Mark Williams 617-358-2789, <a href=\"mailto:williams@bu.edu\">williams@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The financial regulatory reform legislation likely to be sent soon\u00a0to President Obama calls for the biggest banks and hedge funds to put up some $20 billion in fees to pay the costs of additional oversight by regulators.\u00a0 But even that won&#8217;t help regulators don&#8217;t quickly upgrade the training and standards of rank-and-file examiners, says Mark [&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":[113,577,1286,708,3324],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/6289"}],"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=6289"}],"version-history":[{"count":5,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/6289\/revisions"}],"predecessor-version":[{"id":6294,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/6289\/revisions\/6294"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=6289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=6289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=6289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}