The Financial Services Roundtable (FSR) is pleased to announce that Synovus Chairman & CEO Kessel Stelling will serve as FSR’s Treasurer effective April 1, 2015. The role also makes Stelling a member of the FSR Executive Committee.
It has been almost seven years since the bail out of Fannie Mae and Freddie Mac cost taxpayers an estimated $187 billion – but some lawmakers on Capitol Hill have not forgotten.
Ellen Ritchey, vice chairman of risk and public policy at Visa, urged cybersecurity officials and executives to meet and work together more efficiently and completely to counter threats from hackers.
The Financial Services Roundtable (FSR) applauded the House Intelligence Committee today on their passage of a cybersecurity information sharing bill that will encourage the sharing of critical cyber threat information to protect consumers and our nation’s financial infrastructure. FSR urges both the House and Senate to continue moving forward with their legislative efforts and quickly pass a strong and bipartisan information sharing bill
FSOC and its member-agencies should act independently of non-US regulators and in accordance with U.S. law in any assessment of whether a particular nonbank financial company that has been designated a global SIFI actually poses systemic risk to U.S. financial stability, FSR urged in a letter released today.
At the Forefront of Technology and Finance
BITS, the technology policy division of FSR, addresses newly emerging technology and operational opportunities for the financial services industry. It has the expertise to help FSR’s members manage risk particularly in cybersecurity, fraud reduction and critical infrastructure protection. BITS helps shape public policy coming out of Washington and helps companies understand and stay ahead of the latest public policy issues. Because of its diverse membership, it facilitates collaboration to improve the e-commerce environment for member companies in ways that nobody else can.Read more
Advocating for Strength in the Housing Market
The Housing Policy Council is a division of FSR that advocates for the mortgage and housing marketplace interests of member companies in legislative, regulatory, and judicial arenas. HPC’s goal is to communicate the benefits of a fully competitive and integrated housing market to the American public. We work with regulators to represent our members’ interests in mortgage finance and housing issues to ensure the housing market continues to thrive and lending remains strong.Read more