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So far Editor has created 249 blog entries.

Forum Statement Ahead of Minneapolis Fed’s Policy Symposium

“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.”

April 4th, 2016|

ForumBlog: New Report: America Needs Large Financial Institutions to Succeed in the Global Economy

This week, the U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness released a new report, International Financial Markets: A Diverse System is the Key to Commerce, which presents a number of thoughtful and fact-based observations about the role of the financial sector and capital markets in the global economy. Authored by Dr. Anjan Thakor, John E. Simon professor of finance and PhD program director at the Washington University in St. Louis Olin School of Business, the report offers an overview of how a diverse global financial system works to spur economic growth and job creation by providing the necessary products and services businesses and individuals need to succeed.

February 11th, 2015|

Forum President Rob Nichols Discusses Impact of Dodd-Frank, State of Financial Industry on ‘Engage with Andy Busch’

Financial Services Forum President and CEO Rob Nichols was a recent guest on “Engage with Andy Busch” where he spoke about the impact of the Dodd-Frank Act on the financial sector as well as the industry-initiated improvements made to ensure the strength and resilience of the financial system.

September 15th, 2014|

American Banker Op-ed: Government Report on TBTF Banks Shows Progress

The findings of last week's government report on big bank subsidies were misconstrued in a recent column by Camden Fine ("A Subsidy of Any Size Is Still Too Big," Aug. 1, 2014). Mr. Fine argues that the study by the Government Accountability Office "reiterates the importance of ending the too-big-to-fail epidemic." In fact, the GAO report offers proof that meaningful progress has been made since the financial crisis.

August 5th, 2014|

The Hill: GAO: ‘Too big to fail’ advantage is shrinking

The advantage that big banks have over their smaller rivals has diminished since 2008, the Government Accountability Office concluded Thursday in a new report likely to reignite the debate over whether institutions are “too big to fail.” The GAO report found the new regulations from the Dodd-Frank financial reform law have lowered the risk of banks [...]

July 31st, 2014|

Wall Street Journal: ‘Too Big to Fail’ Report Hedges on Big Banks’ Funding Edge

Large U.S. banks may still have an advantage over small banks due to the perception they are "too big to fail," but that edge appears to have "declined or reversed" since the 2008 financial crisis, according to a new government report released Thursday.  Read more

July 31st, 2014|

Bloomberg News: Big Banks’ ‘Too-Big-to-Fail Subsidy’ Is Waning, GAO Finds

...Rob Nichols, president of the Financial Services Forum, a trade group representing CEOs of the largest financial firms, said any subsidy results mostly from investors’ preference for stability, diversity and liquidity of the large banks. “The GAO report confirms what we have seen in many recent studies: any cost-of-funding differential large banks once had has been [...]

July 31st, 2014|

ForumBlog Responds to Bloomberg View: The U.S. Financial System is Far Stronger and More Resilient

In this week’s piece, Dodd Frank’s Four Years of Doing Nothing, Bloomberg View editors fail to mention material and important changes that have taken place in the financial system since the crisis that undercut the thesis of their column. To be fair, this was an opinion piece and opinions are one thing, but let’s review the facts on the changes that have taken place – initiated by the industry, regulators and Congress – to make today’s U.S. financial system safer, less complex and capable of providing capital to fuel the economy.

July 22nd, 2014|

Press Release: Financial Industry: Cybersecurity is a Top Priority for Protecting Customers

“We commend Secretary Lew’s leadership on cybersecurity and his call to improve information sharing between the government and private sector. The financial industry is leading the way in combating cyberattacks and has been working diligently in this area for more than 15 years. Our industry’s number one priority is to protect our customers and the economy and we reinforce these efforts every day with financial, CEO and senior leadership support. With extensive collaboration within the industry and the federal government, the financial industry closely monitors the changing threats and adapts to stay ahead. We also urge Congress to quickly pass cyber threat information sharing legislation to further enable us to expand our abilities to fight future attacks.”

July 16th, 2014|

Reuters: Looming BNP fine unnerves bankers hoping for calmer times

…Some finance industry executives were confident that the industry had made substantial progress in cutting risk and improving standards in the six years since the financial crisis. "We have gone very far to put 'too big to fail' in the rear view mirror and make the financial system, more safe, more sound, more secure, more [...]

June 6th, 2014|