James E. Scott to Head BU Law’s Banking & Financial Law Program
Former Morgan Stanley chief regulatory lawyer named director of graduate program
Boston University School of Law is pleased to announce that James E. Scott, the former chief regulatory counsel of Morgan Stanley and general counsel of Morgan Stanley Bank, N.A., has been named director of the Graduate Program in Banking & Financial Law, effective May 15.
Scott brings to BU Law over 30 years of experience in the financial service industry. Prior to Morgan Stanley, he worked as in-house counsel for several other major banking organizations, including Citigroup, Bankers Trust Company, Bank of America Corporation and Security Pacific Corporation. He also served as senior counsel for the Board of Governors of the Federal Reserve System in Washington, DC. A member of the Banking & Financial Law Program’s adjunct faculty, he currently teaches a course in International Banking Structure and Regulation.
“We are delighted to welcome a new director with sterling professional credentials, extensive experience in the banking and finance world, and an already strong connection with BU Law,” says John Riccardi, assistant dean of graduate and international programs.
Scott joined Morgan Stanley after its decision to convert to a bank holding company in 2008. He served as the senior bank regulatory attorney for the firm during the four years after conversion, advising on banking policies and procedures, the scope of permissible activities for the firm in its new role, interaction with bank examiners and regulators and compliance, audit and other control functions. As general counsel of Morgan Stanley’s lead bank subsidiary, he also advised the board of the bank and its audit, management and compensation committees, including with respect to application of the Dodd Frank Act and accompanying regulatory reforms in the aftermath of the financial crisis.
“The events of the last five years have reshaped the substance and scope of financial services law and regulation to a greater degree than at any time since the Great Depression,” Scott says. “It is an exciting time for young lawyers to be starting a career in financial services law, and I am honored to be part of a program that is unique in the country in focusing on that type of legal career.”
In addition to teaching at BU Law, Scott has taught at the Law School of the University of California at Berkeley, Catholic University’s Columbus School of Law, and Pennsylvania State University’s School of Business. From 2005 to 2008, he chaired the Banking Law Committee of the American Bar Association. Scott earned a B.S. from Georgetown University School of Foreign Service and a J.D. from the University of Michigan Law School.
Boston University School of Law is a top-tier law school that offers a full-time J.D. degree and five LL.M. degree programs taught by professors recognized nationally as exceptional teachers and preeminent scholars. The Graduate Program in Banking and Financial Law, the oldest and only LL.M. program of its kind in the United States, has trained more than 2,000 lawyers for leadership positions in both domestic and foreign banking and financial services industries.