James E. Scott, Director of the LLM Banking & Financial Law Program to Retire

Scott will step down after five years of leading the program.

jim scottJames E. Scott, director of Boston University School of Law’s Graduate Program in Banking & Financial Law, will retire at the end of August. He has led the program since 2013.

Under Scott’s leadership, the LLM in Banking & Financial Law Program introduced a 12-day financial services fundamentals course designed to broaden access to the program by preparing entering LLM students without financial services employment experience for more in-depth study in the program. In addition, he helped establish an online certificate in financial services compliance for lawyers and non-lawyers to enhance their skillset in this fast-growing field. The LLM Guide continues to rank the Banking Program highly among specialized LLM programs in Banking/Finance/Securities Law.

Prior to joining BU Law, Scott worked for 40 years as a bank regulatory lawyer. He began his career at the Board of Governors of the Federal Reserve System in 1973, shortly after earning his JD from the University of Michigan. After nine years with the Federal Reserve he held senior regulatory positions with Security Pacific Bank in Los Angeles, Bank of America in San Francisco, and Bankers Trust, Citigroup, and Morgan Stanley in New York. He ended his regulatory career as general counsel of Morgan Stanley Bank in 2012, and he continues to serve as a member of the board of directors of that bank.

Scott began his alternate career in academia in the early 1980s when he became an assistant professor of business law in the undergraduate business program at Pennsylvania State University. He later taught banking law as an adjunct professor in the law schools of the University of California at Berkley and at Catholic University in Washington DC. He also taught international banking in the LLM in Banking & Financial Law Program at BU Law before becoming director.

As director, Scott has taught the core Banking Structure and Regulation course, the only required course in the program. He also teaches a biannual, three-day Banking Law Basics course for young banking lawyers that he helped to create more than 20 years ago as chair of the Banking Law Committee of the American Bar Association.

Please join us in congratulating Professor Scott for his years of service!

Guestbook Entries

I choose to learn my llm program at BU just because that I want to attend prof. James’s class. The message is so shocking. God bless him.

Xiaotian Geng (’18), Zhongzhengjiaotong Fund Management Ltd.