Financial Services Roundtable

The Financial Services Roundtable (FSR) is an American financial services lobbying and advocacy organization, located in Washington, D.C.. FSR was formerly called the Bankers Roundtable, but was renamed in 2000 to reflect the widening membership of the organization beyond bank holding companies. FSR "represents 100 of the largest integrated financial services companies which provide banking, insurance and investment products and services to American consumers." The members of FSR are the CEOs of the 100 largest financial services companies with additional C-Suite level executive representatives from each company. The current President and CEO of the Financial Services Roundtable is Tim Pawlenty, a former governor of Minnesota.

In 1993, the Bankers Roundtable was formed because the 81-year-old Association of Reserve City Bankers and the 35-year-old Association of Registered Bank Holding Companies merged. In 2000, after a decision by the Board of Directors the previous year to "broaden the mission to represent integrated financial service providers...the Roundtable's impact as a major player on Capitol Hill and with the regulators", the name was changed to The Financial Services Roundtable.

Since that time, the Roundtable has expanded. BITS, created in 1996 under the former Bankers Roundtable, allowed collaboration on technological issues faced by the financial services industry. Since the Roundtable's creation in 2000, this organization addresses "emerging threats and opportunities" especially threats to cybersecurity, fraud reduction and critical infrastructure protection. Another part of the Roundtable, the Bankruptcy Coalition, lobbied for changes to the bankruptcy code in 2005. There are numerous other parts of the Roundtable. One part, Agents for Change was described as helping move forward the "modernization" of insurance regulation. Another part tries to officially improve working communities of the financial services industry and creating partnerships with non-profits and politicians. The Housing Policy Council and 34 member companies, another part of the Roundtable are engaged in an "effort to prevent foreclosures and preserve homeownership." In addition to these sections of the Roundtable, there are three initiatives pushed: InFact (provide Americans with "information...important to the financial services industry), ITAC (non-profit that fights identity theft) and www.MyMoneyManagement.net (providing consumers with "financial education").

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