Magazine article American Banker

Merged Bank Trade Group Unveils New Name

Magazine article American Banker

Merged Bank Trade Group Unveils New Name

Article excerpt

Byline: Neil Haggerty

WASHINGTON -- The group formed by the merger of The Clearing House Association and the Financial Services Roundtable announced Monday that its new name will be the Bank Policy Institute.

Greg Baer, the group's chief executive, said the BPI aims to have a larger presence with Congress, among the regulators and elsewhere, focusing on key industry issues such as reforming anti-money-laundering laws.

"The old Clearing House didn't have a political action committee," Baer, previously president of the Clearing House Association, said in an interview. "We need to make sure our message is heard there as well as in the halls of academia and the Federal Reserve and the FDIC."

In a press release, Baer said the work of the new group "will rest on a foundation of research and analysis."

"We will demonstrate that America's leading banks are extraordinarily resilient and that the right balance of policies and regulations must be maintained to help ensure they continue to play their important role in helping drive economic growth," he said.

In addition to bolstering its message to lawmakers, BPI will use the Financial Services Roundtable's business, innovation, technology and security division, or BITS, to conduct research and push for new policies to keep up with cybersecurity and technology. BITS is led by C-suite executives including CEOs, chief information officers and chief information security officers. …

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