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So far Editor has created 63 blog entries.

Financial Times: Banks and Congress blast Obama plan to tax Wall St and wealthy

The banking industry and Republicans have criticized a White House proposal to increase taxes on Wall Street and the wealthy as President Barack Obama steps up efforts to seize the initiative on economic policy. Read more.

January 18th, 2015|

The Hill: Biz hears ’16 undertones in Obama SOTU

State of the Union or 2016 stump speech? That's what Washington's financial regulatory watchers are wondering as they review the tax policy plan President Obama will formally unveil on Tuesday during his State of the Union address.  Read more.

January 18th, 2015|

Fact Sheet: Compromise To Fix Swaps Push-Out Rule Will Boost U.S. Economy And Improve Financial Stability

A proposed compromise on the treatment of financial derivatives amends a rule that threatens financial stability and imposes costs on the real economy.

December 17th, 2014|

Forum members’ commitment to community

With Thanksgiving and the holiday season upon us, it is an important time to give thanks and recognize all those who give back to their communities. In addition to providing the necessary capital and financial products and services that American families, businesses and the U.S. economy needs to grow and create jobs, the financial services industry makes significant commitments to help serve local communities. From providing investments and volunteers for neighborhood revitalization efforts, teaching job training skills and leadership development, supporting our veterans, and helping small business and entrepreneurs succeed, Forum member companies are making a lasting impact in local communities across the country.

November 25th, 2014|

Reuters: Big U.S. banks’ funding advantage reduced, could rise in crisis-official

Big U.S. banks' ability to borrow at lower rates than smaller competitors has eroded since the 2007-2009 meltdown but could return in a crisis, a U.S. official said, previewing a highly anticipated report on whether banks remain "too big to fail." Read more

July 31st, 2014|

New York Times DealBook: Big Banks and Treasury See Positive Signs in Report on Financial Industry

…The industry liked much of what it saw in the report, contending that it showed that the overhaul since the crisis, particularly the Dodd-Frank Act of 2010, had done what is was supposed to do: strengthen banks and reduce the likelihood of bailouts. “The G.A.O.’s findings show the impact of the numerous legislative, regulatory and [...]

July 31st, 2014|

ForumBlog: Financial Services Regulations in TTIP – Little to Fear, Lots to Gain

TTIP isn’t a big issue on the radar in Washington, but it really should be if we care about U.S. jobs. The TTIP - along with the negotiation of a U.S.-China Bilateral Investment Treaty - offers a massive opportunity for the U.S. economy by increasing market opportunities for U.S.-based financial services firms. Defying the “Great Recession,” America’s export of services have grown approximately 30% since 2008, and, according to the International Trade Administration, now support almost 3 million U.S. jobs. Unfortunately, without a shift in approach on regulatory issues, the huge market access opportunities in Europe that the Obama Administration says it still seeking in the TTIP talks may remain elusive.

July 17th, 2014|

SNL Financial Finds Only One U.S. Bank in Top 10 Largest Global Banks List

There has been much debate about the size of large financial institutions and subsequent claims by critics that U.S. banks are unnecessarily large, growing disproportionately, and should be forced to shrink. Today, SNL Financial released an analysis showing that the largest U.S. banks are not so large compared to their international peers. The analysis found that there is currently only one U.S. bank in the top 10 globally, and only three in the top 20. The top 4 spots being held by Chinese banks. Through their size, global reach, and diverse product and services lines, large U.S. financial institutions are critical to serving the financial needs of large U.S.-based corporations that employ millions of American, and to which millions of other small businesses across America sell products and services.

July 8th, 2014|

Strategic & Economic Dialogue Presents Opportunity to Push for Market Access Reforms

Given the importance of the U.S.-China relationship to both nations, as well as to the global economy, U.S. officials should continue to push for greater financial sector modernization and market opening reforms in China, in order to level the playing field for U.S. businesses and consumers... The Engage China Coalition, a group of 12 U.S. financial services trade associations chaired by the Financial Services Forum, described a number of these barriers in a recent a letter to Secretary Lew. Financial services modernization and market-opening reforms in China will help transform China’s economy into a more services-based, consumer-driven economy, which in turn will greatly contribute to greater economic growth and job creation here in America.

July 8th, 2014|

Banking Sector Concentration Post Dodd-Frank

The right question for policymakers and voters isn’t “are banks bigger or smaller?” but rather “have we addressed the problem of ‘Too Big to Fail?’ – i.e. the impression that taxpayers will be forced to step in and support certain financial sector firms in a future crisis. The right way to assess whether or not any new law, regulation, or policy is working is to examine the period following enactment and compare it to other periods. Looking at the changes in financial sector concentration in the four years following the passage of the Dodd-Frank Act in 2010, the facts look very different. The largest banks have grown much more slowly than their smaller peers, and therefore have been losing market share, resulting in a less concentrated financial sector.

June 30th, 2014|