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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:  Erica Hurtt           

June 25, 2010                                                           (202) 457-8783

                                                                                (443) 977-8414              

 

FORUM STATEMENT ON COMPLETION OF FINANCIAL

REGULATORY REFORM CONFERENCE

WASHINGTON, D.C. – Financial Services Forum President and COO Rob Nichols released the following statement regarding the completion of the House-Senate conference on financial regulatory reform: 

"The Forum has long supported sensible financial regulatory reform that protects consumers, investors, depositors, and shareholders, while also ensuring our financial markets are competitive, innovative, and able to provide the capital necessary to fuel economic growth and job creation.  The legislation approved by House and Senate conferees this morning includes provisions that will achieve many of those goals, including the creation of a systemic risk council, a credible framework to wind down failing financial institutions of any size, and enhanced prudential supervision.

The legislation also includes provisions that could make it more challenging for financial institutions to carry out their central economic role, and therefore reduce ready access to the capital, credit, and other financial products that American businesses, workers, consumers, and homebuyers rely on. As this legislation moves forward, the Forum will continue to work constructively with policy makers to create a financial regulatory framework that will ensure institutional safety and soundness and systemic stability, while also fostering the conditions necessary to fuel economic growth and job creation." 

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The Financial Services Forum is a non-partisan financial and economic policy organization comprised of the CEOs of 19 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.

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

Twitter

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.