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Financial Regulatory Reform

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New Rules of the Road for the Financial Sector  

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Global Engagement

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America's economic prosperity depends on active engagement with the global economy.

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Competitive Tax Rates

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Competitive tax rates fuel economic growth and job creation.

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Engagement with China

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The U.S.-China economic relationship is the most important bilateral relationship in the world today.  

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Economic Value of Large Financial Institutions

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Large financial institutions provide significant value to the U.S. economy and American investors, business owners, and savers.

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FOR IMMEDIATE RELEASE:                       CONTACT: 

May 15, 2012                                             Jen Scungio, 202-457-8759

                                                                

WASHINGTON, D.C – Engage China Coalition Chairman and Financial Services Forum President and Chief Executive Officer Rob Nichols will testify before the House Financial Services Committee’s International Monetary Policy and Trade Subcommittee tomorrow, May 16th, at a hearing entitled: “Increasing Market Access for U.S. Financial Firms in China: Update on Progress of the Strategic & Economic Dialogue.”

In his testimony, Mr. Nichols will explain how 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 faster job creation and economic growth in America.  His testimony will also touch upon the latest round of the U.S.-China Strategic and Economic Dialogue.

The hearing will take place at 2 p.m. on Wednesday, May 16th in room 2128 of the Rayburn House Office Building.  Under Secretary of International Affairs at the Department of Treasury Lael Brainard will serve on the first panel.  Mr. Nichols will provide his testimony during the second panel, along with:

  • Mr. David Strongin, Managing Director, International Policy, Securities Industry and Financial Markets Association
  • The Honorable Clay Lowery, Vice President, Rock Creek Global Advisors
  • Mr. Nicholas R. Lardy, Anthony M. Solomon Senior Fellow, Peterson Institute for International Economics

For more information, visit the House Financial Services Committee’s Web site.

The Financial Services Forum is a non-partisan financial and economic policy organization comprising the CEOs of 20 of the largest and most diversified financial services institutions doing business in the United States. The purpose of the Forum is to pursue policies that encourage savings and investment, promote an open and competitive global marketplace, and ensure the opportunity of people everywhere to participate fully and productively in the 21st-century global economy.

Follow the Forum on Twitter: http://twitter.com/fsforum

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Press Inquiries

For press inquiries please contact:

Laena Fallon

Vice President for Communications

This email address is being protected from spambots. You need JavaScript enabled to view it.

Phone: (202) 457-8783

 

Jen Scungio

Senior Associate for Communications & Social Media

This email address is being protected from spambots. You need JavaScript enabled to view it.

Phone: (202) 457-8759

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fsforum RT @petejryan: Recent research lends credence to @ForumPrez argument that the #TBTF phenomenon is fading http://t.co/UmkQymEr9I
fsforum Financial trades push back on commodities crackdown http://t.co/px3uzcwo1d via @hillsonthemoney
fsforum Forum,@SIFMA @ABABankingNews @FSRoundtable @IIBnews send comment letter on bank involvement in commodities activities http://t.co/mmIE3lQDf3

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The Financial Services Forum is a non-partisan financial and economic policy organization comprising the CEOs of 18 of the largest and most diversified financial services institutions doing business in the United States.

The purpose of the Forum is to pursue policies that encourage savings and investment, promote an open and competitive global marketplace, and ensure the opportunity of people everywhere to participate fully and productively in the 21st-century global economy.