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Fact Sheet: Large, Global U.S. Banks Are Safer, Smaller, and Simpler

Financial regulation is designed to ensure a level playing field and protect taxpayers and the broader economy. Recent reports, data, and market developments have shown that America’s largest banks – which serve customers of all sizes, from America’s largest companies to millions of small businesses – have become smaller and simpler. Capital has doubled and liquidity has tripled among the largest firms. Furthermore, among all banks, new capital surcharges and long-term debt requirements are encouraging all banks to reconsider scope and scale.

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Recent Work

29June, 2016

Forum Statement on Federal Reserve Stress Test Results

“Today’s CCAR results, together with the findings of the recent DFAST exercise, reflect the significant progress achieved since the financial crisis to improve the strength and resilience of the U.S. banking system. Since 2009, capital levels have doubled, liquidity has tripled, bank concentration has been significantly reduced, and regulators have successfully operationalized important new tools to address instability. As a result, the U.S. banking system has never been stronger and is now able to withstand the shock of even the highly unlikely severely adverse scenario imposed by CCAR."

7June, 2016

Forum, Other Organizations Supporting EU-U.S. Financial Services Marketplace Form New International Coalition for Transatlantic Cooperation in Financial Regulation

An international group of fourteen trade associations and business groups recently announced the formation of a Transatlantic Financial Regulatory Coherence (TFRC) Coalition. The Coalition, which represents a large part of the transatlantic financial services community, has been brought together by a strong and shared belief on both sides of the Atlantic that improving regulatory cooperation between the U.S. and EU must be a priority. It believes that a comprehensive Transatlantic Trade and Investment Partnership (TTIP) that includes both market-opening measures and a framework for regulatory coherence in financial services is the best way of achieving this.

13April, 2016

Forum Statement on Federal Reserve, FDIC Feedback on Resolution Plans for Large Financial Institutions

“Over the past six years enormous progress has been made to improve the safety, stability, and resilience of the U.S. financial system. Capital has doubled, liquidity has tripled, and annual stress tests show that large financial institutions can withstand a crisis far worse than 2008. Since the last living wills determinations, large financial institutions have worked strenuously to implement structural changes, streamline business models and lower risk in line with feedback received from the Federal Reserve and FDIC. By design, the living will process is iterative and will be ongoing, and the industry remains committed to continuing to work with regulators to ensure effective resolution and recovery planning."

U.S. Global Banks Have More Than Doubled Their Capital Ratio Since 2009

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