Category: Cornelius Hurley

In New Congress, Wall St. Pushes to Undermine Dodd-Frank Reform

January 13th, 2015 in 2015, Centers & Institutes in the News, Cornelius Hurley, New York Times, Newsmakers, School of Law 0 comments

hurley11-150x150New York Times (subscription required)
Cornelius Hurley, School of Law, Center for Finance, Law & Policy

In the span of a month, the nation’s biggest banks and investment firms have twice won passage of measures to weaken regulations intended to help lessen the risk of another financial crisis, setting their sights on narrow, arcane provisions and greasing their efforts with a surge of lobbying and campaign contributions…

Expert quote:

“They have been very expert at controlling the narrative thus far.”

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Swaps Rule Repeal Shows that Community Banks Are the 99%

December 31st, 2014 in 2014, American Banker, Centers & Institutes in the News, Cornelius Hurley, Newsmakers, School of Law 0 comments

hurley11-150x150American Banker (subscription required)
Cornelius Hurley, School of Law, Center for Finance, Law & Policy

“We are the 99%,” goes the familiar slogan of the Occupy Wall Street movement. Community bankers may be surprised to find that they, too, are the 99% in a game that is rigged in favor of large banks…

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Big Banks’ Swaps Push-Out Repeal Is a Pyrrhic Victory

December 18th, 2014 in 2014, American Banker, Centers & Institutes in the News, Cornelius Hurley, Newsmakers, OP-EDs by BU Professors, School of Law 0 comments

hurley11-150x150American Banker (subscription required)
By Cornelius Hurley, Center for Finance, Law & Policy, School of Law

In his impactful book Don’t Think of an Elephant, cognitive scientist George Lakoff illustrates how framing a discussion from the beginning is key to winning the argument…

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Unholy Alliances: Will The Tea Party Join Sen. Warren’s Treasury Crusade?

December 15th, 2014 in 2014, Centers & Institutes in the News, Cornelius Hurley, Newsmakers, School of Law, Talking Points Memo 0 comments

hurley11-150x150Talking Points Memo
Cornelius Hurley, School of Law, Center for Finance, Law & Policy

Sen. Elizabeth Warren’s (D-MA) all-out push to defeat the Obama administration’s nominee for undersecretary of the Treasury for domestic policy has caused fissures among both Republicans and Democrats…

Expert quote:

“I don’t think you can separate it from the vote yesterday on the spending resolution. In other words I think that not just for the liberal Democrats but for many moderate Democrats — and I’m one of them I guess — this nomination, combined with Obama’s backtracking on Dodd-Frank represents the administration’s total capitulation to the largest banks on the most important issue of the day which is whether they should be restructured.”

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The Long Shadow of Robert Rubin

December 11th, 2014 in 2014, American Banker, Centers & Institutes in the News, Cornelius Hurley, Newsmakers, School of Law 0 comments

hurley11-150x150American Banker (subscription required)
Cornelius Hurley, School of Law, Center for Finance, Law & Policy

Antonio Weiss was just another obscure investment banker up until last month, when his nomination to the Treasury Department stoked a populist fury that speaks to Democrats’ past as much as their future…

Expert quote:

“It’s not so much Weiss himself; it’s what he represents.”

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Letters to the Editor: On banks

December 6th, 2014 in 2014, Centers & Institutes in the News, Cornelius Hurley, Newsmakers, OP-EDs by BU Professors, School of Law, The Economist 0 comments

hurley11-150x150The Economist
By Cornelius Hurley, Center for Finance, Law & Policy, School of Law

The new bank capital standards put forward by the Bank of England will not, as you state, “remove the implicit subsidy big banks have unfairly enjoyed” by their being too big to fail (“Buffering”, November 15th)…

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Baker Admin. Will Inherit Stable Banking Community

November 23rd, 2014 in 2014, Centers & Institutes in the News, Cornelius Hurley, Newsmakers, School of Law 0 comments

hurley11-150x150Banker & Tradesman (aubscription required)
Cornelius Hurley, School of Law, Center for Finance, Law & Policy

Elections are a little bit like Christmas, in that stakeholders in the financial services industries will be holding their breath to see what Santa – or a new Republican Congress or governor – will bring them…

Expert quote:

“It’s a little bit like Obamacare. They’d love to eliminate it tomorrow, but they wouldn’t know what to do with it if they did.”

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Should Bankers Fear Obama’s Pick for Attorney General?

November 19th, 2014 in 2014, American Banker, Centers & Institutes in the News, Cornelius Hurley, Newsmakers, School of Law 0 comments

hurley11-150x150American Banker (subscription required)
Cornelius Hurley, School of Law, Center for Finance, Law & Policy

Federal prosecutor Loretta Lynch may soon replace Attorney General Eric Holder, but it appears that the country’s banks can breathe easy over the pending shake-up…

Expert quote:

“They’ve decided to go after shareholders with massive multibillion fines rather than the individuals, and she’s been part of that decision process.”

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Should Bankers Fear Obama’s Pick for Attorney General?

November 11th, 2014 in 2014, American Banker, Centers & Institutes in the News, Cornelius Hurley, Newsmakers, School of Law 0 comments

cornelius-hurleyAmerican Banker (subscription required)
Cornelius Hurley, School of Law, Center for Finance, Law & Policy

Federal prosecutor Loretta Lynch may soon replace Attorney General Eric Holder, leaving bankers wondering whether she will be tougher on institutions than her predecessor…

Expert quote:

“They’ve decided to go after shareholders with massive multibillion fines rather than the individuals, and she’s been part of that decision process.”

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Fed Said to Seek More Time to Mull Actions on FX Traders

November 6th, 2014 in 2014, Bloomberg, Centers & Institutes in the News, Cornelius Hurley, Newsmakers, School of Law 0 comments

hurley11-150x150Bloomberg
Cornelius Hurley, School of Law, Center for Finance, Law & Policy

The Federal Reserve asked some currency traders under investigation for foreign-exchange manipulation to waive the deadline for civil actions against them, according to two people with knowledge of the situation…

Expert quote:

“It’s by going after the individuals that you get cultural changes. The drawback is the regulators are often dealing with people at the very lowest level.”

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