Shift Focus to Economic Value of Large Banks Over Past Questions in Banking Reform Debate
Rob Nichols, president and chief executive officer of Washington-based Financial Services Forum, a lobbying organization, called for the policy debate on banking reform to include a discussion of the value that large banks bring to the economy and not just focus on the same questions that arose in the 2008 financial crisis.
The United States has been a global financial leader for 100 years. That leadership has amounted to an enormous strategic advantage for the U.S. economy and American businesses, workers, savers, and investors. It is no coincidence that the U.S. economy is the most innovative and productive in the world, and that our capital markets are the world’s most dynamic, most liquid, and most efficient.