The Financial Services Forum believes that now is the time for policymakers to review and rebalance regulations to promote efficiency and effectiveness, enhance safety and soundness across the banking industry and promote sustained U.S. economic growth.
Policy PrioritiesView All >
Setting Appropriate and Coherent Capital and Liquidity Requirements
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.
Promoting an Effective and Efficient Regulatory and Supervisory System
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.
Ensuring Open and Competitive Capital Markets
We support maintaining deep and liquid capital markets in the United States, which foster our sustained economic growth.
Submissions: Letters and Congressional TestimonyView All >
Letter: Joint Trades Request Extension of Comment Period for Notice of Proposed Rulemaking on Fair Access to Financial Services
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.
Letter: Forum Joins Coalition Calling for Streamlined PPP Forgiveness
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.
Letter: Joint Trades Oppose Financial Transaction Tax Legislation in New Jersey
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.
Comment Letter: Forum, ABA Comment on Financial Stability Board's Evaluation of "Too-Big-to-Fail" Reforms
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.
Regulatory Reports: U.S. Department of the Treasury Reports:
- Banks and Credit Unions Report
- Capital Markets Report
- Orderly Liquidation Authority (OLA) and Bankruptcy Report
Relevant Public Law: Dodd-Frank Wall Street Reform and Consumer Protection Act (Public Law 111-203) Executive Order 13777: Enforcing the Regulatory Reform Agenda Financial Regulatory Agencies: Commodity Futures Trading Commission (CFTC) Consumer Financial Protection Bureau (CFPB) Federal Deposit Insurance Corporation (FDIC) Federal Reserve Board (FRB) Office of the Comptroller of the Currency (OCC) Securities and Exchange Commission (SEC) Executive Branch: Office of the White House U.S. Department of Treasury White House National Economic Council (NEC) Financial Stability Oversight Council (FSOC) Legislative Branch: U.S. House of Representatives U.S. Senate House Financial Services Committee (HFSC) Senate Banking Committee (SBC) Senate Finance Committee House Ways and Means Committee International Agencies: Bank for International Settlements (BIS) Basel Committee on Banking Supervision (Basel) International Monetary Fund (IMF) World Bank Group World Trade Organization (WTO) Financial Stability Board G-20