Principal, Ely & Company, Inc.
Bert Ely has specialized in deposit insurance and banking structure issues since 1981. In 1986, he became an early predictor of the S&L crisis and a taxpayer bailout of the FSLIC. In 1991, he was the first person to correctly predict the non-crisis in commercial banking; in 1992, he predicted an eventual taxpayer bailout of the Japanese banking system.
Bert continuously monitors conditions in the banking and S&L industries, monetary policy, and the growing federalization of credit risk. He has helped to draft legislation to enact the cross-guarantee concept for privatizing banking regulation and its related deposit insurance and systemic risks. He has testified on numerous occasions before congressional committees on banking issues and he often speaks on these matters to bankers and others.
Bert first established his consulting practice in 1972. Before that, he was the chief financial officer of a public company, a consultant with Touche, Ross & Company, and an auditor with Ernst & Ernst. He received his MBA from the Harvard Business School in 1968 and his Bachelor's degree in economics in 1964 from Case Western Reserve University.
The Undue Burdens of the Bank Secrecy Act
James M. Rockett
The USA PATRIOT Act was enacted into law in late-October 2001, less than 45 days...
A Different Perspective of the USA PATRIOT Act Title III
James M. Rockett, Bert Ely
While the White Paper provides an excellent overview of the history of the Bank Secrecy...
Racial Profiling of Borrowers: An Idea Fraught With Peril
James M. Rockett
In the early 1970s, during my first days as a banking lawyer, I was anxious...
Breaking Down the Walls and Building Giants: Bank Powers and Consolidation in the Twenty-First Century
James M. Rockett
Financial Services & E-Commerce Newsletter - Volume 3, Issue 2, Summer 1999
Banking is, and during the past 25 years of my legal practice has been, a...
The Urge to Merge: Trends in Bank Mergers
James M. Rockett
Financial Services & E-Commerce Newsletter - Volume 2, Issue 2, Summer 1998
When, in the space of a single week, two monumental and very different bank mergers...