Whitney Y. Baird (USCIB) speaks at the B7 Canada

Trends and Challenges for the Financial Services Sector:

  • Actions by governments and central banks following the financial crisis to reduce interest rates, help recapitalize major banks, and get credit flowing more normally were necessary steps toward restoring confidence in the banking system, although they have not yet produced their full effect.
  • Financial markets need stability and an effective regulatory and supervisory framework.

USCIB’s Response:

  • Develop recommendations for governments and international organizations on international economic and financial policy, investment, and debt, US monetary and exchange rate policies, and structural issues
  • Provide a forum for the exchange of information and ideas on US and international economic policy issues.
  • Support WTO negotiations that include all aspects of financial services, emphasizing transparency of existing rules, regulatory reform and liberalization of barriers.
  • Avoid financial and investment protectionism.
  • Maximize ICC contributions promoting WTO financial services liberalization, including implementation of an active program informing governments of ICC positions on liberalization of financial services and insurance.

Magnifying Your Voice with USCIB:

  • USCIB is the only US business association formally affiliated with the world’s three largest business organizations where we work with business leaders across the globe to extend our reach to influence policymakers in key international markets to American business
  • Build consensus with like-minded industry peers and participate in off-the-record briefings with policymakers both home and abroad.

Staff

Ashley Harrington
Policy Manager, Health and Sustainability
aharrington@uscib.org

This entry was posted in Committee Profiles, Growth, Jobs and Open Markets and tagged .
Published on August 12, 2021

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