WASHINGTON, DC--The Financial Services Roundtable (FSR) outlined in letters today to Capitol Hill, along with several trade partners, key areas Congress should consider as it takes up data security and data breach notification legislation.
Washington, DC—Following discussion at today’s Financial Stability Oversight Council (FSOC) meeting where Treasury Secretary Jack Lew signaled coming changes to the FSOC SIFI designation process, Financial Services Roundtable (FSR) applauded regulators for considering many changes FSR, together with other financial trade associations, had recommended that would improve the SIFI designation process for non-bank financial companies.
The Financial Stability Oversight Council (FSOC) is holding an open meeting today to discuss their evaluation process for designating large financial institutions as “systemically important”—aka designating them as “SIFIs”.
The Financial Services Roundtable (FSR) released the following statement following news the Supreme Court denied petition for a writ of certiorari in the case NACS v. Board of Governors of the Federal Reserve System
As the President delivers his State of the Union address, there are no doubt many challenging issues that his Administration and Congress will address this year. The solutions to these challenges will be aimed at growing the economy and jobs, dealing with tax reform, immigration, growing wages, and many other important issues. The financial industry is focused on many of these same issues and is committed to working with policymakers to be a part of the solutions.
At the Forefront of Technology and Finance
BITS, the technology policy division of FSR, addresses newly emerging technology and operational opportunities for the financial services industry. It has the expertise to help FSR’s members manage risk particularly in cybersecurity, fraud reduction and critical infrastructure protection. BITS helps shape public policy coming out of Washington and helps companies understand and stay ahead of the latest public policy issues. Because of its diverse membership, it facilitates collaboration to improve the e-commerce environment for member companies in ways that nobody else can.Read more
Advocating for Strength in the Housing Market
The Housing Policy Council is a division of FSR that advocates for the mortgage and housing marketplace interests of member companies in legislative, regulatory, and judicial arenas. HPC’s goal is to communicate the benefits of a fully competitive and integrated housing market to the American public. We work with regulators to represent our members’ interests in mortgage finance and housing issues to ensure the housing market continues to thrive and lending remains strong.Read more