Roundtable Roundup

Roundup Newsletter

Roundtable Roundup is FSR’s public-facing newsletter featuring the latest insights on financial services issues on Capitol Hill, action in the Dodd Frank regulatory space and updates on FSR events.


June 10, 2016

This week, FSR launched its new Tech Collaborators Program to bring together leaders from the financial and technology industries to envision the long-term future of the financial industry and to collaborate on innovative FinTech projects.

Roundtable Roundup: FSR Drives Forward Efforts to Pass CISA

October 23, 2015

The Cybersecurity Information Sharing Act (CISA) made significant progress on Capitol Hill this week. FSR helped lead a joint trade effort voicing opposition to a threatening amendment in the Senate, which if added would undermine the heart of the bill’s lability protections for companies, and could mean consumers continue to be open to more cybersecurity threats.

Roundtable Roundup: Treasury Sec. Lew Headlines FSR Executive Conference

October 7, 2015

U.S. Treasury Secretary Jack Lew praised retirement savings efforts, including FSR’s Save 10 initiative, during a conversation at the Financial Services Roundtable’s fall executive conference with FSR CEO Tim Pawlenty last week.

Save 10 is an effort to encourage more retirement savings via employers, including by advocating for proven mechanisms to increase savings such as auto enrollment. The Treasury has its own initiative on retirement savings, myRA, which Lew also discussed as another effort to increase retirement savings.

Lew also highlighted the need for swift action to address the nation’s looming debt ceiling, and urged Congress to move forward.

Roundtable Roundup: Rep. Roskam, AARP, First Horizon, Wells Fargo & Capitol Financial Partners Headline

September 18, 2015

Americans in Generation X are being squeezed by financial pressures to save for their children’s college, support their aging parents and simultaneously save for their own retirement.

This mounting pressure on Generation X, also known as the Sandwich Generation, was the focus of a panel discussion this week by the Financial Services Roundtable, Rep. Peter Roskam (R-IL), AARP, Wells Fargo, First Horizon and Capitol Financial Partners.

Rep. Peter Roskam, who has two children in college and a third in graduate school, said the financial pressures facing middle aged Americans are greater than ever.

“We’re very much living this reality,” Roskam said of his family. Roskam also cited his concern about a proposed rule by the Department of Labor that will make it even more challenging for Americans to access financial guidance, including younger savers.

Roundtable Roundup: DoL Fiduciary Proposal Risks ‘Throwing the Baby Out with the Bathwater’

August 6, 2015

In a live webcast event, the Financial Services Roundtable and Progressive Policy Institute Senior Fellow Hal Singer explored how the Department of Labor’s proposed fiduciary rule could harm lower and moderate-income Americans’ ability to adequately save for retirement and access financial advice and guidance while overwhelming retirement savers with mountains of disclosure and red tape.

Singer told FSR’s EVP of Government Affairs Francis Creighton and FSR’s Vice President and Senior Counsel for Regulatory Affairs Felicia Smith that DoL’s proposal would move to eliminate bad actors, but would also eliminate good advice as well.

Roundtable Roundup: Sen. Brown Pushes to Raise SIFI Threshold Over $200B

July 17, 2015

Democrats are signaling that they’re open to reconsidering regulations for banks with $50 billion to $200 billion in assets, namely the SIFI designation threshold, which subjects banks with more than $50 billion in assets to significantly enhanced oversight.

Sen. Sherrod Brown (D-OH) told an audience at an Americans for Financial Reform event this week that Democrats are open to discussing a change in regulations.

Roundtable Roundup: US Treasury, Northern Trust, Milliman, Assurant, Unum and CED Make ‘The Business Case for Auto-Enrollment’ with FSR

June 18, 2015

The use of auto-enrollment to encourage Americans to save for retirement through their employer sponsored savings plans was the focus of FSR’s “The Business Case for Auto-Enrollment” event this week, which featured Senior Advisor to the Secretary of the Treasury Mark Iwry and Northern Trust President of Asset Management Steve Potter, among others.

“We need to get to the next generation – a 3.0 401k model,” said Iwry, who urged employers to consider using auto enrollment and other simple saving features to encourage employees to prepare for retirement.