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:
- 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
NPR features FSR and EVP of Government Affairs Francis Creighton as one of the leading voices pushing for the reauthorization of the Ex-Im Bank.
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FSR voiced strong support for the Systemic Risk Designation Improvement Act of 2014 (H.R. 4060) which would significantly improve the criteria used to evaluate systemically significant financial institutions.
Banks and financial companies must "remain vigilant" against data breaches and other threats, and "there's still a lot of work to be done" to get more cybersecurity help from the government, according to Financial Services Roundtable CEO Tim Pawlenty during an interview with the American Banker.
TRIA is set to expire at the end of 2014. That could be devastating to workers.