Reforming the Regulation of Financial Services

A Luncheon Address by Steve Bartlett, President and CEO of The Financial Services Roundtable

American Enterprise Institute, Washington, D.C., January 28, 2008

In November 2007, the Financial Services Roundtable published The Blueprint for U.S. Financial Competitiveness, a report that recommended ways to counteract the gradual decline in U.S. financial services competitiveness because of excessive regulation, litigation risk, and lack of regulatory coordination.

Since then, many financial services organizations have provided comments and recommendations to the U.S. Treasury Department, which is developing its own recommendations for reform.

How closely do the comments of financial institutions and financial services organizations line up with the recommendations of the Financial Services Roundtable? Is there a developing consensus for reform, or are there continuing divisions within the financial services industry?

The Financial Services Roundtable has analyzed the submissions to Treasury and compared them to its own Blueprint. At this luncheon speech, Steve Bartlett, the Roundtable’s President, outlined the conclusions of this study.

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