Testimony, Speeches and Presentations

U.S. Presidential Candidates Need to Talk More About Securing Retirement, Saving Money, American Workers Say

November 10, 2015

American workers want U.S. presidential candidates talking more about their plans to ensure more Americans have a secure retirement, strengthen the economy and help people save more for their financial futures.

Nearly 68% of American workers say 2016 presidential candidates have not been talking enough about ensuring Americans have a secure retirement, a new nationwide poll released by the Financial Services Roundtable (FSR) and Morning Consult shows.

FSR Releases Study: ‘Bank Size vs. Systemic Importance’

October 29, 2015

FSR and the Aite Group released a study that finds that the Financial Stability Oversight Council (FSOC) SIFI designation process based on a $50 billion asset size threshold is arbitrary, ineffective and fails to accurately identify banks that are economically risky. Aite Group examined financial data from SEC filings of U.S. financial institutions ranging from $20 billion to $2.5 trillion to compare systemic importance. The data shows there is negligible correlation between a bank’s asset size and its level of systemic importance. The findings back the longtime argument of both FSR and the financial services industry that asset size isn’t an effective or accurate way to measure systemic risk.

FSR, BAFT Statement for the Record

June 2, 2015

BAFT and FSR submitted a statement for the record for a Senate Banking Committee hearing regarding perspectives on the Export-Import Bank reauthorization.

Patent Troll Testimony Submitted to the House Energy & Commerce Committee

April 17, 2015

The financial services industry has continued to be the victim of abusive patent litigation. Frivolous, costly lawsuits have born a tremendous cost on our consumers. To this end, the financial services industry unites around bringing efficiency to the litigation process by making the Covered Business Method program permanent, enhancing transparency, and improving patent quality.

Pawlenty Testimony for House Intelligence Committee

March 19, 2015

FSR President & CEO Tim Pawlenty testified before the House Intelligence Committee about the growing concern within the financial services sector about the severity of cybercriminal attacks and the persistent gaps in the law.