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.

By |February 11th, 2015|Tags: |

ForumBlog: Financial Innovation Addresses Social Challenges – Is Washington Paying Attention?

With Republicans in control of both the House and the Senate for the first time since 2006, and President Barack Obama in the final two years of his presidency, there may be a chance to break through the gridlock, just as former President Bill Clinton and a Republican Congress did on welfare reform almost 20 years ago. One promising area for possible bipartisan collaboration lies in the so-called “pay for success” model for addressing social problems. Under “pay for success,” government’s contribution and impact is not measured just in the dollars spent but in lives actually improved. Institutions such as Goldman Sachs, Bank of America-Merrill Lynch, BNY Mellon, Morgan Stanley, JPMorgan Chase and others have worked with state and local governments to pioneer and explore these products, which are often known as social impact bonds or investments. New York Times columnist David Brooks recently wrote about how this type of investment is now entering the mainstream and is a promising tool to address social problems.

By |January 27th, 2015|Tags: |

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.

By |November 25th, 2014|Tags: |

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.

By |November 20th, 2014|Tags: |