FOR IMMEDIATE RELEASE: April 4, 2016

CONTACT: Laena Fallon(202) 457-8783 

WASHINGTON, D.C. – Financial Services Forum Acting CEO John Dearie issued the following statement in advance of the Minneapolis Federal Reserve’s Policy Symposium on “Ending Too Big to Fail”:

“Since he left government to enter politics, it seems Mr. Kashkari hasn’t kept up to date with the many ways in which US-based global financial companies have become simpler, stronger, and more streamlined to serve their customers and clients and drive the real economy.   Since none of those financial institutions are within the jurisdiction of the Minneapolis Federal Reserve Bank, it isn’t clear why this is his area of interest now, but hopefully some of the progress that has been made will be discussed today in Minneapolis.”

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The Financial Services Forum is a non-partisan financial and economic policy organization comprised of the CEOs of 16 of the largest and most diversified financial services institutions with business operations in the United States. The purpose of the Forum is to pursue policies that encourage savings and investment, promote an open and competitive global marketplace, and ensure the opportunity of people everywhere to participate fully and productively in the 21st-century global economy.