JScungio

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About Jen Scungio

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So far Jen Scungio has created 14 blog entries.

Press Release: Financial Services Forum Announces Dr. Sean Campbell as Executive Vice President, Director of Policy Research

The Financial Services Forum (Forum) today announced that economist Dr. Sean Campbell will direct policy research at the organization.  Dr. Campbell comes to the Forum from the Board of Governors of the Federal Reserve System, where he has led economic analysis of bank regulatory policy and conducted extensive research on the links between financial markets and the macroeconomy.

April 16th, 2018|

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 Joins U.S. and EU Entities Urging TTIP to Include Full Coverage of Financial Services to Address Market Fragmentation

"As the United States (U.S.) and the European Union (EU) enter the 12th round of negotiations of the Transatlantic Trade and Investment Partnership (TTIP) the financial and related professional services industry continues to support an "ambitious, comprehensive, and high-standard trade and investment agreement. In order for TTIP to realize its full potential, we believe any agreement should treat financial services like every other sector in the negotiations and be dealt with in a comprehensive manner, primarily by including a framework for financial services regulatory cooperation but also through solutions to outstanding market access issues."

February 21st, 2016|

Forum Statement on Fed, FDIC Resolution Plan Submissions

"The financial services industry is committed to effective resolution and recovery planning through the living wills process. The firms have taken meaningful, concrete steps to ensure their plans are credible and that no firm is too big to fail. The living wills process builds on the many improvements that have made the U.S. financial system stronger, safer and more simple, including the doubling of capital and liquidity, and structural changes to reduce risk and streamline business models."

July 1st, 2015|

Forum Chairman Statement on Rob Nichols

Brian Moynihan, Chairman of the Financial Services Forum, today issued the following statement regarding the news that Rob Nichols will be leaving his position as President and CEO of the Forum for the American Bankers Association: "Rob has been a skillful Forum leader during a consequential decade for the financial system. On behalf of the members, I thank Rob for his service and wish him continued success as an effective voice in Washington helping policymakers better understand the important role that banks of all sizes play in driving the U.S. and global economy."

May 27th, 2015|

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|

American Banker: Could the Fight Over Cost-Benefit Analysis Kill Reg Relief?

"It seems sensible for lawmakers to consider the cumulative impact of Dodd-Frank regulations, and perhaps Basel III, on broader economic variables such as credit availability, economic growth, capital formation, and on job creation," said Rob Nichols, president and chief executive of the Financial Services Forum.  Read more...

March 4th, 2015|

Forum Statement on President Obama’s Bank Tax Proposal

"We urge policymakers to reject this tax targeting a small group of companies and instead focus on achieving broad-based, pro-growth tax reform that ensures our economic recovery continues. As the largest financial institutions continue to simplify, reduce risk and leverage, build capital, provide the credit to keep the economy growing, and make the necessary investments to protect customers from cyber threats, it would be counterproductive to layer on one more way to make it more difficult to achieve those public goals.”

January 20th, 2015|