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

Hampl Moderates Panel on Trade and Corruption in Paris (4/2/2018) - USCIB’s Director for Investment, Trade and Financial Services Eva Hampl was in Paris the week of March 26, participating in the Organization for Economic Cooperation and Development’s (OECD) Global Anti-Corruption and Integrity Forum, during which she moderated a panel on “Integrity & Trade: No Need to Grease the Wheels,” which focused on the relationship between trade facilitation and opportunities for corruption at the border.
Donnelly and Claman Play Key Roles at OECD and BIAC Investment Meetings (3/20/2018) - Citi Director of International Government Affairs Kimberley Claman joined USCIB Vice President Shaun Donnelly at the recent March 12-13 meetings of the Organization for Economic Cooperation and Development (OECD) and Business at OECD (BIAC) Investment Committee meetings in Paris.

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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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