The Mission of The Financial Services Roundtable: view pdf

1. To be the premier executive forum for the leaders of the financial services industry

2. To provide powerful legislative and regulatory advocacy

3. To enhance the industry’s public reputation

4. Led by BITS, to promote best practices and a strong infrastructure in technology

Core Beliefs of The Financial Services Roundtable:

1. Large, integrated financial services companies finance most of the nation’s economy and are critical to its sustained growth. Large is defined as one of the largest 150 financial services companies in the United States.

2. The competitive marketplace should largely govern the delivery of products and services, and regulation should provide safety and soundness, and consumer protections.

3. Uniform national standards across state lines are critical for the efficient and effective delivery of products and services.

4. The effective use of technology is essential for the delivery of services in this new industry.

Governing Principles of The Financial Services Roundtable:

Strategic Focus

1. Advocacy is the Roundtable’s Job One.

2. The breadth of policy issues affecting our members adds to our advocacy strength.

3. A positive public reputation enhances advocacy, but must be targeted carefully and managed efficiently.

4. Roundtable meetings offer financial services executives a useful venue to network with their peers and other executives.

5. Strengthening technology is an integral part of our mission.

Membership

1. Roundtable membership is “CEO-plus”.

2. Diversity of companies by size, geography, and sectors, provides the foundation for the Roundtable’s advocacy effectiveness.

3. Members set the Roundtable’s policies and priorities.

4. Individual companies supplement the Roundtable’s core funding for special projects that, while consistent with the Roundtable’s mission and core beliefs, have a higher priority for a discrete group of members.

Organization

1. BITS is a strong and integral ingredient to the success of technology for the industry.

2. The Board has created an organizational model for a strong, strategic CEO to enhance the Roundtable’s credibility and effectiveness.

3. The Roundtable’s policy priorities are determined by the Board of Directors after extensive consultation with members and then executed by senior staff to achieve success.

4. An excellent, robust senior management team is essential to the success of the mission.

5. Roundtable staff and companies collaborate actively with other trades to ensure advocacy
success on shared issues.