BU Banking Law Center Gets New Director

in Humanities/Social Science, News Releases, School of Law
December 13th, 2005

Contact: Richard Taffe, 617-353-4626 | rtaffe@bu.edu

(Boston) — Financial services legal veteran Cornelius K. Hurley, Jr. has been named director of the Graduate Program in Banking and Financial Law and its related Morin Center for Banking and Financial Law at the Boston University School of Law, dean ad interim Maureen A. O’Rourke has announced. Hurley’s mission is to keep the 3-decade-old center at the forefront of academic study of and attorney training in the increasingly complex legal policies for the financial services industry.

“In this post-Enron era of scrutinized corporate governance, globalization, megamergers, expanded product lines, and alternative distribution and communications channels, the financial services industry is facing unprecedented legal challenges,” says Hurley. “The complexities of the world financial system call out for focused research and education with even more urgency than when the Center was founded 27 years ago.”

Hurley, who also has been appointed Professor of the Practice of Banking Law and will oversee the publishing of BU’s Annual Review of Banking and Financial Law, has more than 25 years of diversified management experience in financial services. Most recently he was managing director of BancRealty Advisors LLC of Burlington, Mass., which advises regulated financial institutions in managing corporate real estate assets. Previously he was a partner in The Secura Group, a financial services consulting firm, general counsel then HR director at Shawmut National Corporation, and assistant general counsel to the Board of Governors of the Federal Reserve System in Washington, D.C.

Since 1978 the Morin Center has developed research and education programs on banking and financial services law. It provides both specialized graduate level studies and continuing education programs for practicing attorneys, holds seminars on banking law basics twice a year in conjunction with the American Bar Association, and has published since 1980 the Annual Review of Banking and Financial Law. Its advisory board is chaired by former U.S. Comptroller of the Currency John D. Hawke, Jr. The more than 1,200 graduates of the Graduate Program in Banking and Financial Law have come from both the United States and over 80 other countries. They have assumed posts at the Federal Reserve Board, major U.S. and international law firms, and development banks. Several hold important positions in the Central Banks and other government agencies in their home countries.

Founded in 1839, Boston University is an internationally recognized institution of higher education and research. With more than 30,000 students, it is the fourth largest independent university in the United States. BU contains 17 colleges and schools along with a number of multi-disciplinary centers and institutes which are central to the school’s research and teaching mission.

(For more on the Boston University School of Law’s Morin Center for Banking and Financial law, see http://www.bu.edu/law/morincenter/.)

Cornelius K. Hurley, Jr.
Cornelius K. Hurley, Jr.

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