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Fact Sheet: Large, Global U.S. Banks Are Safer, Smaller, and Simpler

Financial regulation is designed to ensure a level playing field and protect taxpayers and the broader economy. Recent reports, data, and market developments have shown that America’s largest banks – which serve customers of all sizes, from America’s largest companies to millions of small businesses – have become smaller and simpler. Capital has doubled and liquidity has tripled among the largest firms. Furthermore, among all banks, new capital surcharges and long-term debt requirements are encouraging all banks to reconsider scope and scale.

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Recent Work

20September, 2017

Press Release: Financial Services Forum Announces Kevin Fromer As New President And CEO

The Financial Services Forum (Forum) announced the appointment of Kevin Fromer as its new President and CEO.  In his new role, Fromer will lead the Forum to promote a healthy financial system that supports economic growth and opportunity for all Americans. “Our members serve our clients each day with the capabilities we bring to help them compete, produce jobs, and drive the economy forward,” said Forum Chairman and Bank of America CEO Brian Moynihan. “Kevin has the experience to help us as we engage with policymakers on the best ways to promote growth and maintain financial stability.”

8September, 2016

Press Release: Financial Trade Associations Comment on Banking Agencies’ Newly Issued Report on Banking Activities and Investments

In response to the Federal Reserve, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency’s report on banking activities and investments, Financial Services Forum, The Clearing House, American Bankers Association, SIFMA, and Financial Services Roundtable released a joint statement opposing the recommendations.

29June, 2016

Forum Statement on Federal Reserve Stress Test Results

“Today’s CCAR results, together with the findings of the recent DFAST exercise, reflect the significant progress achieved since the financial crisis to improve the strength and resilience of the U.S. banking system. Since 2009, capital levels have doubled, liquidity has tripled, bank concentration has been significantly reduced, and regulators have successfully operationalized important new tools to address instability. As a result, the U.S. banking system has never been stronger and is now able to withstand the shock of even the highly unlikely severely adverse scenario imposed by CCAR."

U.S. Global Banks Have More Than Doubled Their Capital Ratio Since 2009

Capital

Click to learn more about improvements in financial safety and soundness.