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
The Financial Stability Oversight Council (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, the Financial Services Roundtable (FSR) urged in a letter released today.
The Financial Services Roundtable (FSR) commended the House Intelligence Committee leaders today on their release of a cybersecurity information sharing bill that will help advance Congress’ progress toward enhancing and encouraging the sharing of critical cyber threat information to protect consumers and our nation’s financial and other critical infrastructure from growing cyber threats.
On March 11 in the tiny Pyrenees principality of Andorra, local authorities raided Banca Privada d’Andorra as part of an internationally coordinated investigation. The bust, which triggered the collapse of a Spanish subsidiary of the bank the next day, pursued funds held by individuals and state-affiliated entities engaged in criminal enterprises. Chief among its targets were Russian investors, including people reputed to be underworld figures with connections to the Kremlin.
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