Risk Management

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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

FSR: Capital Standards Bill for Nonbanks Positive Step Forward

April 29, 2014

“Balanced capital standards are important to ensuring economic growth and job creation are not stifled due to blanket, one-size-fits-all regulations,” said FSR CEO Tim Pawlenty. “Fundamental differences between the risk and businesses models among financial institutions make this legislation good policy and good for the economy.”

Letter re: Temporary Certification Program for Access to the Death Master File, 4/25/14

April 25, 2014

The Financial Services Roundtable hereby submits the following comments on the interim final rule issued by the National Technical Information Service (“NTIS”) and published in the Federal Register on March 26, 2014 regarding the establishment of a certification program, pursuant to Section 203 of the Bipartisan Budget Act of 2013, for access to the Social Security Administration’s Death Master File.


TRIA’s Looming Expiration and the Need for Action

April 24, 2014

Terrorists seek to evade prediction and circumvent detection. By its very nature, terrorism is unpredictable and therefore is incredibly difficult to underwrite. That’s why renewing the Terrorism Risk Insurance Act (TRIA) is so important.


FSR Commends Senate Progress on Legislation Renewing Terrorism Insurance

April 10, 2014

“Lenders, investors and developers will understandably be less likely to build, own or redevelop large projects unless risks from potential terrorist attacks can be reasonably addressed,” said Tim Pawlenty, CEO of the Financial Services Roundtable. “If a terrorist attack occurs, TRIA legislation will help ensure proper private sector insurance is in place.”


No Significant Evidence of Too Big To Fail Effects on Large Bank Funding Costs

April 10, 2014

“Market perceptions of too big to fail have dramatically changed since regulators began to implement rules under the Dodd-Frank Act,” said FSR VP and Senior Counsel of Legislative & Regulatory Affairs Rich Foster. “There should not be an expectation the federal government will bail out a large failing firm.”

Leverage Ratio Rule Puts U.S. Banks at International Disadvantage

April 8, 2014

“This rule puts American financial institutions at a clear disadvantage against overseas competitors,” said Tim Pawlenty, FSR CEO. “It is disappointing this proposal wasn’t further examined by economic experts and will likely result in tighter access to loans for businesses across the country.”


Letter re: Assessment Methodologies for Identifying Non-Bank Non-Insurer Global SIFIs, 4/7/14

April 7, 2014

In determining which finance companies, market intermediaries, or investment funds should be designated as a global systemically important financial company, FSR believes the assessment methodologies should be designed to (1) focus on systemically important financial activities, and (2) identify only those entities that present a real risk of disruption to the global financial system.

Cybersecurity: Divided We Fall

April 2, 2014

The financial services sector is constantly preparing to defend against and respond to cyber attacks, with many FSR’s member companies already investing heavily in expert personnel, products and services to defend their businesses and protect their customers’ information. FSR is proud to add the partnership with RILA to our arsenal of efforts to combat cyber attackers.