JScungio

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About Jen Scungio

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So far Jen Scungio has created 6 blog entries.

Press Release: Financial Trade Associations Comment on Banking Agencies’ Newly Issued Report on Banking Activities and Investments

In response to the Federal Reserve, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency’s report on banking activities and investments, Financial Services Forum, The Clearing House, American Bankers Association, SIFMA, and Financial Services Roundtable released a joint statement opposing the recommendations.

September 8th, 2016|

The Hill: Fed signs off on most banks’ capital plans

"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 [regulators]," said John Dearie, acting CEO of the Financial Services Forum.

June 29th, 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."

June 29th, 2016|

Forum, Joint Financial Trades Letter Supports S.754: ‘Cybersecurity Information Sharing Act of 2015’

Letter sent to Senate Leadership: “The threat of cyber-attacks is a real and omnipresent danger to our sector and to other critical infrastructure providers that we, and the nation as a whole, rely upon. The financial services industry is dedicated to improving our capacity to protect customers and their sensitive information but as it stands today, our laws do not do enough to foster information sharing and establish clear lines of communication with the various government agencies responsible for cybersecurity. CISA will strengthen the nation’s ability to defend against cyber-attacks and better protect all Americans by encouraging the business community and the government to quickly and effectively share critical information about these threats while ensuring privacy.”

April 13th, 2015|

Financial Industry Associations Urge TTIP Negotiators to Include Financial Services Regulatory Coordination in US-EU Trade Agreement

"As the next round of trade negotiations moves forward, the financial services industry reiterates its position that it is imperative to include financial services regulatory coordination as a key component of TTIP. With a global economy and intertwined financial markets, the financial sector cannot continue to work under misaligned, uncoordinated regulatory regimes. A framework for coordination of financial services regulation between the US and EU would reduce conflict and complexity, and improve the efficiency of regulations across borders to the benefit of market participants, their customers and regulators. We urge negotiators to capitalize on this TTIP meeting in Brussels to promote high-quality regulatory standards that promote consistency, coordination, and resilience in our transatlantic markets.”

July 14th, 2014|

The Hill Op-ed: Not too early for a growth agenda

Commentary by Forum President and CEO Rob Nichols: "There are a number of things that can be done to spur economic growth, but making real progress on immigration reform, tax reform, debt reduction, and further trade liberalization will create the growth America needs."

June 10th, 2014|