Cornelius K. Hurley
Professor of the Practice of Banking Law
BA, Holy Cross College
JD, Georgetown University
PMD, Harvard University
Areas of Interest
- Office 53 Bay State Road
- Email email@example.com
- Phone 617-353-5427
Professor Cornelius Hurley has over 35 years of diversified legal, entrepreneurial, and academic experience in the financial sector. His teaching and research interests focus upon the interactions between finance and the real economy. He serves an independent director of Computershare Trust Company, N.A., an element of one of the global leaders in the transfer agent business, and of the Federal Home Loan Bank of Boston, one of the three so-called “GSEs.”
Professor Hurley established the Boston office of The Secura Group, Washington, DC a national financial services consulting firm of which he was a partner. Formerly, he was general counsel of Shawmut Corporation, a regional bank holding company. As assistant general counsel of the Board of Governors of the Federal Reserve System, he was responsible for the Fed’s role in regulating international banking activities. Prof. Hurley also serves as reporter to the American Bar Association’s Task Force on Financial Markets Regulatory Reform.
Professor Hurley was appointed by Boston University’s provost to serve as the first director of the University’s Center for Finance, Law & Policy. The Center is an interdisciplinary initiative drawing upon the deep and varied academic talent of the University to focus upon finance and financial policy issues. He was the director for the Morin Center for Banking and Financial Law and the Graduate Program in Banking and Financial Law from 2005 to 2011.
He is the author of numerous articles and commentaries that have appeared in The Wall Street Journal, The New York Times, Financial Times, American Banker, The Boston Globe and other publications. During the current economic crisis, he has provided ongoing analysis on national and local television and radio outlets.
Professor Hurley teaches Lessons from the Financial Crisis.
Cornelius Hurley, review of David A. Skeel Jr., The New Financial Deal: Understanding the Dodd-Frank Act and Its (Unintended) Consequences, John Wiley & Sons, Inc. (2011), 30:5 American Bankruptcy Institute Journal 40 (2011).
Cornelius Hurley, "Too Safe to Fail: Requiring Big Banks to Build Cash Reserves Can Prevent Future Failures," Washington Times Opinion (March 3, 2011).
Cornelius Hurley, "Paying the Price for Too Big to Fail," 4 Entrepreneurial Business Law Journal (2009).
Cornelius Hurley, "Commentary: Getting It Right the Next Time on 'Too Big to Fail’," Reuters.com (2008).
Cornelius Hurley, "We Have Equity; Now Give Us Oversight," American Banker 10 (Oct. 24, 2008).
Cornelius Hurley & John A. Beccia III, The Compliance Function in Diversified Financial Institutions: Harmonizing the Regulatory Environment for Financial Services Firms, BU Law, Morin Center (Jul. 2007).
Lessons from the Financial Crisis: LAW BK 971
This course provides the student with a perspective on the origins of the financial crisis of 2007-2009, the response to that crisis, and the financial reform responses to the crisis be they legislative, regulatory of market- driven. The course has three parts: the Buildup, the Eye-of-the Storm, and the Response. In the first part, the causes of this and other financial crises are explored including the housing bubble, the development of the "shadow" financial system, new financial instruments, regulatory gaps and deregulation, monetary policies, compensation practices, accounting deficiencies, governance breakdowns, and more. In the second part, policy responses to the crisis are detailed such as: central bank liquidity facilities, government investment programs such as TARP, fiscal stimulus, stress-testing, enforcement actions and the lack thereof, and global coordination of responses. Finally, the course will take an analytical view of the reforms prompted by the crisis. These include various systemic risk measures, guidance from the G-20 and Bank Stability Board, Basel III, the treatment of home/host country issues, and the current state-of-play of the regulation of the derivatives marketplace. A discussion format is employed to the extent feasible, and problems and illustrations are used to focus and encourage class participation.SPRG 2018: LAW BK 971 A1 , Jan 16th to Apr 24th 2018
|Tue||12:00 pm||2:00 pm||Var||Cornelius K. Hurley||LAW|
In the Media
- June 19, 2018
Cornelius Hurley quoted in “Wells Fargo Workers Push for More Board Access, So Far in Vain,” Finance Time. read more
- June 23, 2017
Cornelius Hurley quoted in "How Barclays' U.K. Fraud Case May Rekindle 'Too Big to Jail' Ire," Yahoo Finance. read more
- May 2, 2017
Cornelius Hurley quoted in The Street. read more
- April 10, 2017
Cornelius Hurley quoted in “Libor Traders Acquitted in London Court,” Bloomberg. read more
- January 31, 2017
Cornelius Hurley quoted in “Trump Travel Ban Stirs Faint Corporate Outcry Beyond Silicon Valley,” Reuters. read more
- January 30, 2017
Cornelius Hurley quoted in “As Trump Takes Office, Wells Fargo Website to Aid Employees Vanishes,” Vivere Milano read more
- January 30, 2017
Cornelius Hurley quoted in “Warren Fears Trump’s Labor Department May Neglect Wells Fargo Probe,” Yahoo Finance. read more
- December 5, 2016
Cornelius Hurley quoted in “President-Elect Has Made No Secret Of Contempt For Dodd-Frank, CFPB,” Banker & Tradesman. read more
- December 5, 2016
Cornelius Hurley quoted in “Wells Fargo Scandal May Cloud Chao’s Move to Trump Cabinet Post,” The Street. read more
- July 27, 2016
Cornelius Hurley, professor of the practice of banking law at BU School of Law, was quoted in TheStreet's article. read more