FOR IMMEDIATE RELEASE:                       CONTACT: 

May 22, 2012                                            Jen Scungio, 202-457-8759

WASHINGTON, D.C – John R. Dearie, Financial Services Forum Executive Vice President for Policy, will testify tomorrow before the Senate Banking Committee’s Security and International Trade and Finance Subcommittee at a hearing entitled: “Reviewing the U.S.-China Strategic and Economic Dialogue.”

In his testimony, Mr. Dearie 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 economic growth and job creation in America.  Mr. Dearie will also discuss the recent round of the U.S.-China Strategic and Economic Dialogue.

The hearing will take place on Wednesday, May 23^rd, at 2 p.m. in room 538 of the Dirksen Senate Office Building.  Mr. Dearie will provide his testimony on the first panel, along with:

• Mr. Stephen Roach, Senior Fellow, Yale University's Jackson Institute of Global Affairs
• Dr. C. Fred Bergsten, Director, Peterson Institute for International Economics
• Mr. Dean C. Garfield, President and CEO, Information Technology Industry Council

For more information, visit the Senate Banking 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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