Risk Management

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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:

  • Cybersecurity
  • 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
FSR: Capital Standards Bill for Nonbanks Positive Step Forward

“Balanced capital standards are important to ensuring economic growth and job creation are not stifled due to blanket, one-size-fits-all regulations,” said FSR CEO Tim Pawlenty. “Fundamental differences between the risk and businesses models among financial institutions make this legislation good policy and good for the economy.”

Letter re: Temporary Certification Program for Access to the Death Master File, 4/25/14

The Financial Services Roundtable hereby submits the following comments on the interim final rule issued by the National Technical Information Service (“NTIS”) and published in the Federal Register on March 26, 2014 regarding the establishment of a certification program, pursuant to Section 203 of the Bipartisan Budget Act of 2013, for access...

TRIA’s Looming Expiration and the Need for Action

Terrorists seek to evade prediction and circumvent detection. By its very nature, terrorism is unpredictable and therefore is incredibly difficult to underwrite. That's why renewing the Terrorism Risk Insurance Act (TRIA) is so important.

Comment Letter re: Proposed FINRA Rule on Disclosure and Reporting Obligations Related to Recruitment Practices, 4/17/14

The Financial Services Roundtable respectfully submits these comments to the Securities and Exchange Commission (“Commission”) concerning a request by the Financial Industry Regulatory Authority (“FINRA”) that the Commission approve proposed FINRA Rule 2243 (Disclosure and Reporting Obligations Related to Recruitment Practices).

Financial Services Industry Swats the Heartbleed Bug

The Heartbleed Bug has potentially exposed consumers’ personal information from sites across the Internet, ranging from social media and tax preparing sites to dating sites and search engines. However, a recent Mashable news story that surveyed the vulnerability of popular websites to the Heartbleed bug showed that members of the financial...