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

Time to Strengthen Our Collective Cyber-Defenses – American Banker Op-Ed

January 27, 2014

Right now, cyber-attackers in far-flung countries and here at home are scheming to steal money and data. They desire to wreak havoc on our nation’s banks, power plants, hospitals and retail stores. Recent data breaches at retailers are a grave reminder that a cyber-attack on one company can have ripple effects across the economy. We must collectively combat these threats, and the time to act is now.

Open Letter to Congress on Cybersecurity Legislation, 1-27-14

January 27, 2014

Every day, millions of Americans rely on access to financial products to do things like buy groceries, save for retirement and put gas in the car. The financial services industry is clearly a vital part of our country’s critical infrastructure — and that’s why rapidly increasing cyber attacks against the industry are so concerning.


The Pursuit of .insurance and .bank

January 23, 2014

fTLD, the only community-based applicant for the .bank and .insurance gTLDs, recently moved a step closer to provide a trusted and protected .insurance gTLD. On January 15, 2014, fTLD learned that one of its two contending applicants for .insurance, Auburn Park, LLC (a Donuts company), was eliminated from consideration after the International Chamber of Commerce (ICC) ruled in favor of FSR’s community objection to their application.

Think ID Theft is Bad? How about Tax ID Theft!

January 17, 2014

Tax season is stressful. Just figuring out the filing process is complicated and most Americans are excited to get to the finish line. But imagine filing your tax returns only to have them rejected due to your identity being stolen and used to file a fake refund in your name before you actually got to file.


FSR Applauds Move to Include Privacy Concerns in Cybersecurity Framework

January 16, 2014

Financial Services Roundtable (FSR) applauded a move by the National Institute of Standards and Technology (NIST) to include privacy guidelines in the primary body of its cybersecurity framework that will help provide clear guidance on customer privacy issues. Guidance relating to privacy had previously been included as an appendix.

FDIC SPOE Strategy Comment Letter, 1-16-14

January 16, 2014

The Securities Industry and Financial Markets Association, The Clearing House, American Bankers Association, Financial Services Roundtable, Institute of International Bankers, and Institute of International Finance (“the Associations”) hereby request an extension of the deadline for public comment on the Notice issued by the Federal Deposit Insurance Corporation (“FDIC”) describing its Single Point of Entry strategy to be used under Title II of the Dodd-Frank Act1 (the “FDIC Notice”).


Roundtable Roundup: FSR Hosts GSE Event, Volcker Rule Impacts

January 15, 2014

Welcome to 2014! This year is sure to be a busy and exciting year, marked by an election in November and lots of action (or at least debate) in Congress. Issues that could come up this year range from immigration and tax reform to raising the debt limit and health care. But in the immediate future, Washington continues to debate funding the government before the January 15th deadline and the politically charged issue of unemployment insurance while several issues of importance to the financial world are moving through the halls of Congress. Here is a quick rundown of what we’re watching in Washington.

FSR Statement on Regulatory Guidance on CDO Holdings Under Volcker, 1-14-14

January 15, 2014

Today’s announcement that federal regulators will provide exemptions for certain collateralized debt obligations (CDOs) was praised by the Financial Services Roundtable (FSR). This grandfathering exemption will allay major disruptions in the market by allowing banking entities to continue to hold CDOs backed by trust preferred securities.