Risk Management


FSR advocates for the development of robust risk management practices that protect the financial and reputational strength of financial institutions, their customers, and the financial system. Risk management priorities cover insurance industry, systemic risk, prudential risk, and enterprise risk issues.

Policy discussions in this area are continually informed though input for executives that serve on the FSR Risk Management Policy Committee as well as the FSR Chief Risk Officers Council.

Current Risk Management Priorities:

  • Cybersecurity
  • Federal Government Involvement in Insurance Regulation
  • Reauthorization of the National Flood Insurance Program
  • Capital Planning & Stress Testing Requirements
  • Resolution and Recovery Plan Requirements
  • The Designation Process of the Financial Stability Oversight Council
  • Patents and Intellectual Property
  • Capital Standards for Financial Entities (Bank & Non-Bank)
  • Bankruptcy Reform and “Too Big to Fail” Issues
  • Swaps & Derivatives

CEO Tim Pawlenty talks Volcker Rule on NPR

December 16, 2013

Financial Services Roundtable CEO Tim Pawlenty stopped by NPR’s “The Diane Rehm Show” to discuss the Volcker Rule and why it fails to strike a balance between preventing financial institutions from engaging in unreasonable risk and stifling investments essential to growing the American economy.

Volcker Rule Release – FSR Statement, 12/10/13

December 10, 2013

“Financial institutions should not engage in unreasonable risk and regulators should not stifle investments essential to growing jobs and small businesses. The Volcker rule issued today leans against striking that balance as it will reduce needed access to capital.”

Financial Regulators approve the long-awaited Volcker Rule

December 10, 2013

Former Republican presidential candidate Tim Pawlenty, who now heads the Financial Services Roundtable lobbying group, said Tuesday that the rule “will reduce needed access to capital” and “stifle investments essential to growing jobs and small businesses

fTLD Positioned to Secure “.bank” to Protect Consumers

December 9, 2013

A new ruling paves the way for fTLD Registry Services (fTLD) to assure the coming “.bank” generic Top-Level Domain (gTLD) will protect consumers, instill confidence in websites serving the global banking community and serve as a platform for innovation in banking products and services.

Financial regulators warn of cyber-threat

December 9, 2013

BB&T CEO Kelly King echoed Amir-Mokri’s remarks, telling the council that the industry concerns about cyber attacks are also on the rise. “The world has changed, it’s not going back,” said King, who also serves as chairman of the board of directors for the Financial Services Roundtable’s technology policy council.

What Wall Street is looking for in the Volcker rule

December 9, 2013

“Limiting proprietary trading is going to increase costs to our institutions, which will be passed on to consumers,” said Anthony Cimino, head of government affairs for the Financial Services Roundtable, one of Wall Street’s most prominent lobbying groups.
He continued, “If you force banks to limit the types of investments they can provide, whether its from a hedging or investment perspective, you’re diminishing the amount of capital in the market.”

Wall Street frets as Volcker Rule nears vote

December 8, 2013

The Volcker rule has been fought by business interests, who now believe they are likely to lose on many key details. Among them: a bar on buying and selling investments for the bank’s own account even when they’re used to hedge positions the institutions are allowed to hold, said Anthony Cimino, vice president for government affairs at the Financial Services Roundtable.

Federal Agencies Prepare for Volcker Rule

December 7, 2013

“Absolutely this is a game-changer for the markets,” said Richard Foster, the head of the Financial Services Roundtable’s regulations department. “This is a sea change.”

FSR Testifies on Bitcoin & Digital Currency

November 19, 2013

The increased use of bitcoin and digital currency is providing opportunities to explore, but the risks currently outweigh the benefits, according to Paul Smocer, President of BITS, who testified before the Senate Banking Subcommittees on National Security and International Trade and Finance.

FSR & CSIS Cybersecurity Panel

November 15, 2013

FSR CEO Tim Pawlenty recently moderated a panel discussion cohosted by FSR and the Center for Strategic and International Studies […]