Professor Cornelius Hurley
Director, Morin Center for Banking and Financial Law
“High impact!” That’s the term that best describes what’s going on here at BU’s Morin Center for Banking and Financial Law. But before we get into that let me just refresh you on what exactly the Morin Center is. Named after a recently deceased alumnus, Charles Morin (’49), the Center is the umbrella organization for education, public policy debate, and research, all in the dynamic field of financial services. Recent tumult in the financial markets will give you a sense of the relevance of the Center’s activities.
Early last summer and well before the subprime crisis hit with full force, the Morin Center released a seminal study on regulatory reform. Commissioned by The Financial Services Roundtable, the study’s principal recommendations …closer federal oversight of investment banks and the designation of a centralized regulator… have since been adopted by key legislative and executive policy makers in Washington and by at least one candidate in the presidential race. The study in its entirety is available at the Center’s Web site.
Later in the summer, the wheels came off the capital market’s wagon when it hit the subprime bump. Responding rapidly, the Review of Banking and Financial Law decided to devote the developments portion of its coming issue entirely to the subprime crisis. Besides several student articles, a key feature of that issue will be remarks that Congressman Barney Frank, Chairman of the House Financial Services Committee, delivered here at the law school in February before almost 350 people as part of the Center’s Edward Lane-Reticker Speaker Series. The title of Chairman Frank’s address was Lessons of the Subprime Crisis and it was widely covered by the national media and can be accessed via the Center’s Web site. Following up on his address, William Rutledge, executive vice president and head of bank supervision at the Federal Reserve Bank of New York, will give a talk here at noon on April 10 on the supervisor’s view of the current financial crisis from the eye of the storm.
The Center may be housed on the 15th floor of the law tower but its center of gravity is most definitely at ground level. This semester, students in our LL.M. program are working with Neighborhood of Affordable Housing in East Boston and with the Federal Reserve Bank of Boston counseling victims of subprime and predatory loans to help them avoid foreclosure and remain in their homes. This grassroots involvement is part of our Internship Program that sees 22 of our graduate students working in area banks, law firms, mutual fund companies, insurance companies and government agencies doing high value-added work and enhancing their careers at the same time.
The Morin Center’s reach goes far beyond Boston to the global community. Morin Center Fellows, all recent graduates, have engaged in microfinance projects on-site in Ecuador, Sri Lanka and Rome with the financial support of the Morin Center. This summer, our graduates are competing for development positions in Russia, China, Morocco, Malawi and India as part of our new alliance with the Financial Services Volunteer Corps (NYC), again with the financial support of the Center. As you can tell, Morin Center grads are having a profound impact both during their year with us and immediately upon graduation as they take the skills and knowledge gained while at the Center and put them to use improving the economies of developing countries.
While I’m at it let me introduce you to the Global Law Firm. In the past 25 years LL.M. degrees in banking and financial law have been awarded by the Center to over 1,400 worthy students. These graduates of the Center now hold senior positions in the world’s major financial institutions, law firms and central banks. We are in the process of converting these “alumni” into “partners” of the Center’s Global Law Firm. Although not a firm in the pure sense of that word the Global Law Firm will serve as a dynamic vehicle for client referrals, issues resolution, professional development, job search, etc. We’re very excited about the prospects of this tremendous asset.
In sum, if you haven’t checked in with the Morin Center recently you’re in for a surprise when you do. Also, if you’d like to become a member of our FOMC (sorry, that’s “Friends of the Morin Center not “Federal Open Market Committee”), send an e-mail to firstname.lastname@example.org and we’ll make sure you’re invited to all our events. I look forward to seeing you.
With every good wish,
Professor Cornelius Hurley
Director, Morin Center for Banking and Financial Law
Delaware Supreme Court Justice Carolyn Berger delivered informal comments to a full house of BU Law students, alumni and faculty on Monday, March 25. After an introduction by Dean Maureen O’Rourke, Justice Berger treated the BU Law community to remarks that reflect the insight and expertise gained from serving 24 years on the bench. >>Full story
Recognized both locally and nationally as a preeminent Family Law practitioner, David H. Lee (’73) recently spoke with a group of students in Professor Linda McClain’s Family Law class about the skills needed to work in matrimonial practice. >>Full story
In an effort to expand and grow its community, BU Law’s Young Alumni Council (YAC) recently began producing a quarterly e-newsletter. We mailed the first issue to approximately 1,300 young alumni (10 years out and below) in early December 2007. The newsletter highlights the activities of our young alumni across the country, encourages the development of new chapters and provides a forum for young alumni to share their experiences.
YAC newsletter editor Jen Taylor (’05) ensures that the publication includes a variety of articles, ranging from informative sections – including tips to buying your first home – to humorous reviews of local events, such as "Speed Networking."
To receive future editions of the YAC e-newsletter, please contact Alumni Officer Erin Elwood at email@example.com.
- BU Law Alumni Across the United States >>View interactive map
- Alumni and students featured in "What students are saying about BU Law " videos >>View videos
- Interview with alumnus Judge Harry Elam (Class of 1951), the first black appointee to the Boston Municipal Court of Massachusetts >>View video
- Kathryn Potalivo’s (’07) Beijing study abroad travelogue and photo book >>View interactive travelogue
Jason R. Baron (’80) speaks on impact of electronic records >>Full story
Edelina Burciaga (’05) joins Governor Patrick’s Readiness Project >>Full story
Michael Fricklas (’84) receives “Excellence in Corporate Practice” Award >>Full story
Lawrence Gottesdiener ('84), Robert Gatof ('85) and Steven Rosenthal ('76) head Northland Investment Corporation >>Full story
Chris Kenney ('90) receives award from the Defense Research Institute >>Full story
Ethan F. Kominsky ('00) named to million dollar advocates forum >>Full story
Former Supreme Court Justice Joe Nadeau (LLB '62) advances democracy in Indonesia >>Full story
Newsman Dan Rea ('74) raises money for the troops >>Full story
Shari Redstone ('78 J.D., '81 LL.M. ) named chairman of Midway Games Inc. >>Full story
Zaheer Samee (’06) wins landmark housing discrimination case before Massachusetts Supreme Judicial Court >>Full story
Peter Segal (’68) named treasurer and executive committee member for Kennedy Center’s National Committee for the Performing Arts >>Full story
Sumner “Tony” Tilton Jr. ('63 LLB) receives Worcester community award >>Full story
Gina Walcott-Torres (’93) is the nation's first black individual to run a lawyer assistance program >>Full story
>>View all alumni news here
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William Ryckman, Jr., BU Law Professor of 46 years, announces his retirement
BU Law professor of 46 years, William Ryckman, Jr., has announced his retirement at the end of this year. A Property Law expert, Ryckman has taught courses in land use and zoning, and his first-year property course is legendary. >>Read full story and view/sign guestbook
March 27, 2008
Women's Law Student Association- "Meet the Women" Awards Ceremony
6:00 p.m., Barristers Hall, BU Law
April 1, 2008
Public Service Reception
6:00 p.m., WilmerHale, Washington D.C.
April 2, 2008
Noon, Cabot Room, Faculty/Staff Dining Room, George Sherman Union, BU
April 3, 2008
BU Law’s Year End Pro Bono Celebration
5:00 - 7:00 p.m. Barristers Hall, BU Law
April 4, 2008
Black Law Students Association Annual Alumni Dinner
6:00 p.m., 10 Buick Street, Boston, MA 02215
April 9, 2008
Wine & Cheese
6:00 p.m., Mindy Davidson's home, Houston, TX
April 12, 2008
Silver Shingle Awards Presentation, by invitation only
6:00 p.m., Boston University Trustees Ballroom
April 17, 2008
Law Review Banquet Honoring Prof. Ryckman, by invitation only
Please e-mail firstname.lastname@example.org for more information.
The Honorable Edward Brooke III (Class of 1948), elected to the office of the Massachusetts Attorney General, was the nation’s first black individual to hold this post and to be elected to the U.S. Senate by popular vote.