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So far Editor has created 10 blog entries.

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|

Fact Sheet: The Financial Sector Has Changed – What Now?

Financial regulation is designed to protect taxpayers and the broader economy. Recent reports, data, and market moves have shown that America's largest banks – which serve customers of all sizes, including America’s largest companies – 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 forcing leaders to reconsider scope and scale.

October 30th, 2015|

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|

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|

Bloomberg News: Banks May Have Overplayed Their Hand Fighting Wall Street Regulation

“A short while ago there was bipartisan agreement on a number of common sense improvements,” said Rob Nichols, president of the Financial Services Forum that represents the chief executives of Wall Street’s biggest banks. “Unfortunately, that bipartisan agreement is gone.”  Read more...

February 11th, 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|

The Hill: Poll: Bipartisan backing for breaking up big banks

Rob Nichols, president and CEO of the Financial Services Forum, argued that large financial institutions are an "essential element" of the financial market. Their size and structure allows them to service the nation's largest, most complex companies, he said, and the U.S. is better off for it.  Read more...

January 20th, 2015|

ForumBlog: More Capital: Everyone’s Favorite Imperfect Solution

To be sure, sufficient loss-absorbing capital is a critical aspect of any bank’s health and stability. But calls for ever higher capital overlook the significant system-strengthening progress made to date, as well as the reality that additional capital is not without costs or consequences.

November 20th, 2014|

Forum Statement on GAO Report

The GAO report confirms what we have seen in many recent studies: any cost of funding differential large banks once had has been dramatically reduced if not eliminated. Any very small difference remaining is consistent with cost of funding differentials seen in larger businesses across all sectors of the economy. These differences have nothing to do with the expectation of a bailout, but are due to the fact that investors place great value in stability, diversification and liquidity. It is also critical to consider this issue in the context of the many new regulatory costs borne by the largest banks, including much higher capital and liquidity requirements.

July 31st, 2014|