Forum In The News

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January 2015

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

January 18th, 2015|Tags: |

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.

The Hill: Biz hears ’16 undertones in Obama SOTU

January 18th, 2015|

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. [...]

August 2014

Washington Post: U.S. regulators reject resolution plans of 11 big banks

August 5th, 2014|

Still, Rob Nichols, president and chief executive of the Financial Services Forum, said, “The industry not only welcomes, but also needs comprehensive and substantive feedback from the regulators on the living will process.” Nichols, whose [...]

Wall Street Journal: U.S. Tells Big Banks to Rewrite ‘Living Will’ Bankruptcy Plans

August 5th, 2014|

The Financial Services Forum, a big bank trade group, said banks are safer now than before the crisis and "the industry remains strongly committed to ensuring the financial system is less complex, safe, transparent, accountable [...]

Los Angeles Times: Too-big-to-fail banks’ living wills are inadequate, regulators say

August 5th, 2014|

Another trade group, the Financial Services Forum, said the industry "not only welcomes, but needs comprehensive and substantive feedback from the regulators on the living will process." "The industry remains strongly committed to ensuring the [...]

New York Times DealBook: Federal Reserve and FDIC Fault Big Banks’ ‘Living Wills’

August 5th, 2014|

“The financial services industry is strongly committed to working with the Federal Reserve and the F.D.I.C. to ensure effective resolution and recovery planning,” said Rob Nichols, president of the Financial Services Forum, a nonpartisan financial [...]

July 2014

The Hill: GAO: ‘Too big to fail’ advantage is shrinking

July 31st, 2014|

The advantage that big banks have over their smaller rivals has diminished since 2008, the Government Accountability Office concluded Thursday in a new report likely to reignite the debate over whether institutions are “too big to [...]

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

July 31st, 2014|

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 [...]

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

July 31st, 2014|

…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: [...]

Wall Street Journal: ‘Too Big to Fail’ Report Hedges on Big Banks’ Funding Edge

July 31st, 2014|

Large U.S. banks may still have an advantage over small banks due to the perception they are "too big to fail," but that edge appears to have "declined or reversed" since the 2008 financial crisis, [...]