Financial Services

Background

The present financial crisis has created systemic risks which no economy can afford to take. Governments are responding to these extraordinary circumstances under the auspices of the G-20 to establish financial and regulatory reform.

Extraordinary circumstances call for extraordinary measures. Recent actions by governments and central banks in several key countries to reduce interest rates, help recapitalize major banks, and get credit flowing more normally again were necessary steps toward restoring confidence in the banking system, although they have not yet produced their full effect.

Objective

Promote financial stability and an effective regulatory and supervisory framework for financial markets; develop recommendations for governments and international organizations on international economic and financial policy, investment, and debt, U.S. monetary and exchange rate policies, and structural issues; provide a forum for the exchange of information and ideas on U.S. and international economic policy issues.

Current Priorities

  • 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.
  • Work to 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.
  • Promote principles of good corporate governance in developing countries through work with ICC in the development of outreach seminars on corporate governance.
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Chair

TBA

Economic and Financial Policy Working Group Chair

TBA

Staff

Shaun Donnelly
Vice President, Investment and Financial Services
202-617-3156 or sdonnelly@uscib.org

Stephen J. Canner
Senior Advisor
646-709-2481 or scanner@uscib.org

Diana Jack
Policy & Program Assistant, Washington
202-617-3156 or djack@uscib.org

Recent Accomplishments

 

Please use the links below to explore recent statements and reports, news stories on USCIB’s website, and media coverage related to our work.

Positions and Statements

Business Asks for Realistic Approach on OECD Corporate Governance Principles (2/24/2004) - During February’s meeting of a key steering group of the 30-nation Organization for Economic Cooperation and Development, negotiations on the newly revised OECD Principles on Corporate Governance reached a crucial stage.  The principles are to be finalized for adoption at May’s OECD ministerial meeting in Paris. Commenting on the negotiations of the government experts, members […]
ICC statement on Tobin tax (12/14/2001) - Department of Policy and Business Practices Commentary by the ICC Presidency The “Tobin tax” – a business viewpoint Introduction Since originally raised in 1974 by Professor James Tobin, Nobel Memorial Pricze winner in economics, the question of taxing international transactions in different currencies has over the years been proposed in various versions and for a […]

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News Stories

What Does Fintech Mean for Startups and Incumbents? (8/30/2016) - This fall, join editors of The Economist and more than 275 financial services leaders, innovative thinkers and disruptive entrepreneurs at Finance Disrupted, to ask: to succeed in the fintech revolution, must you collaborate or die?
World Bank Briefing for Manhattan Finance Community (12/3/2004) - At the request of Carole Brookins, U.S. executive director of the World Bank Group, USCIB organized a timely meeting for the New York financial community in November with senior World Bank executives. The high-level briefing was attended by some 50 senior executives from a variety of U.S. and foreign financial institutions.  Hosted by J.P. Morgan […]

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Press Releases

Donnelly Joins USCIB as Vice President of Investment and Financial Services (9/7/2011) - New York, N.Y., September 7, 2011 – Shaun Donnelly, a career diplomat who has held several senior executive branch posts, has joined the United States Council for International Business (USCIB), a pro-trade group representing America’s top global companies, as vice president for investment and financial services.
New editor takes over ICC corporate governance website (6/11/2003) - Paris, June 11, 2003 – ICC’s Corporate Governance website moved into top gear today with up-to-the-minute coverage of developments of vital interest to companies across the world. Stories include moves by the European Commission to set new rules billed as “a model for the rest of the world” as well as a report from New […]

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Staff Contact:   Shaun Donnelly

VP, Investment and Financial Services
Tel: 202.682.1221

Shaun Donnelly oversees USCIB’s work on foreign investment policy, treatment of multinational enterprises, financial services and anti-corruption. A career diplomat who has held several senior executive branch posts and joined USCIB in 2011, Donnelly leads business efforts to open markets abroad for American investment and financial services, and to promote high standards of protection for cross-border investment, both in the United States and overseas.
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