Advocacy

We support efforts underway in Congress and at the federal banking agencies to recalibrate the range of capital and liquidity requirements that apply to banks of all sizes, including Forum members, which are the largest and most diversified financial institutions headquartered in the United States.

We encourage government agencies to provide greater transparency into supervisory processes and better align U.S. regulatory standards with those agreed to by international regulators.  Striking an appropriate balance by weighing actual costs and benefits of regulation and supervision best promotes a robust financial sector domestically and abroad.

We support maintaining deep and liquid capital markets in the United States, which foster our sustained economic growth.

November 25, 2020

The Forum joined the Bank Policy Institute, American Bankers Association and Consumer Bankers Association in requesting that the Office of the Comptroller of the Currency extend the public commenting period on its Notice of Proposed Rulemaking on Fair Access to Financial Services in light of the rulemaking’s magnitude and potential consequences.

November 19, 2020 The Forum joined a coalition representing thousands of businesses, nonprofits and financial institutions of all sizes in calling on Congress to streamline the overly burdensome Paycheck Protection Program forgiveness process.

October 6, 2020 In a letter to the Chairman of the New Jersey General Assembly, joint trade associations expressed their opposition to proposed legislation S.2902/ A.4402, which would effectively represent a sales tax on investors and runs counter to many longstanding policies on promoting savings and economic growth.

September 30, 2020 The Forum along with the American Bankers Association (ABA) submitted a comment letter to the Financial Stability Board (FSB) in response to a June report evaluating too-big-to-fail, or TBTF, reforms. The associations believe that the FSB’s final report should differentiate between jurisdictions and expressly recognize the significant progress made in the U.S. to address TBTF.