Financial Services

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, 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.
  • 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 U.S. 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.

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
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

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News Stories

USCIB Opposes Proposed Rule on ICT-Related Transactions  (1/13/2020) - USCIB joined a coalition of over thirty other associations to send a letter to U.S. Secretary of Commerce Wilbur Ross
Donnelly Pushes for Strong Investment Protections at UNCTAD (11/19/2019) - USCIB Vice President Shaun Donnelly led a small but vocal team of international business representatives at the November 13 annual

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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,

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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

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Shaun Donnelly
Vice President, Investment and Financial Services
202-617-3156 or


Christopher Olsen
Policy & Program Associate, Washington
202-617-3156 or


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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