Roundtable Association News
Experts argue that financial sector remains safer and stronger
The Financial Services Roundtable SmartBrief | May 24, 2012
Industry insiders from Capitol Hill, the Federal Reserve Board and the financial-news media agree that financial institutions today are in a better position than before the financial crisis and recession in 2008. Washington Post journalist Ezra Klein, for example, recently wrote that "losses are something you might be angry about, or smug about, but they're not something you should be worried about. This isn't a second financial crisis or anything."
Paper: Stability, growth and regulatory change
The Financial Services Roundtable SmartBrief | May 23, 2012
To enhance the robustness of the financial system, policymakers considering changes should clearly state goals and trade-offs, avoid relying too much on any one regulatory instrument, and pay attention to unintended consequences, writes Randall S. Kroszner, economics professor at the University of Chicago, in a paper titled "Stability, Growth and Regulatory Reform." Read the full paper.
Compliance is not enough, Bartlett says
The Financial Services Roundtable SmartBrief | May 04, 2012
Compliance is no longer enough for the financial-services industry, Steve Bartlett, president and CEO of The Financial Services Roundtable, said in a speech to the Lawyers Council. "Our companies and your CEOs recognize that to be the foundation of the economy, financial institutions have to start by doing right by our customers and our communities," he said. Read the full speech.
Community Service 2012 Company of the Week: BancWest
The Financial Services Roundtable SmartBrief | May 03, 2012
Gaining financial knowledge is a key first step toward economic empowerment. Throughout April, Bank of the West team members worked with local schools and community organizations to provide financial education to 2,000 individuals. This outreach is one aspect of BancWest's dedication to encouraging healthy financial choices that contribute to the economic health of our communities.
For students in kindergarten through third grade, volunteers visited local classrooms to teach students how to spend, save and share money by reading a financial-education story titled "Three Cups." Students then created their own version of spending, saving and sharing money boxes. Bank of the West also worked with Junior Achievement to provide middle-school students with an interactive and engaging financial-education lesson. Bank of the West team members volunteer with JA throughout the year to teach the importance of developing and maintaining healthy financial habits.
Bank of the West, together with Operation HOPE and the Identity Theft Assistance Center, was host of Be Aware -- Protect Your Identity, a community event to bring awareness and education on how consumers can prevent, detect and recover from identity theft.
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