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The Financial Services Roundtable was formerly called The Bankers Roundtable, the result of a merger of two predecessor groups in 1993. But the group expanded to represent more diversified financial services firms with the passage of 1999 legislation that removed obstacles to a company offering banking, insurance and securities services. Steve Bartlett, left, is the Financial Services Roundtable's president and chief executive officer. (Image: Bloomberg News)
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While the American Bankers Association speaks cautiously on issues that may divide its small-bank and large-bank membership, "We have a responsibility to our members to be a group that promotes unity and pulls people together," says Jeffrey Owen, the group's chief of staff. At left, Frank Keating, the ABA's president and CEO. (Image: Bloomberg News)
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The Clearing House, owned by the largest commercial banks, was established in the 1800s to provide the industry with payment and clearing services. It also operates the Clearing House Association, led by Paul Saltzman, left, which articulates and advocates for the position of the largest commercial banks on regulatory policy. (Image: Michael Chu)
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Rob Nichols, president and chief executive officer of the Financial Services Forum: "Will there be issues that are so important that they will overlap various trade groups, and various trade groups will address them individually? Absolutely. A great example of that are the aspects of Dodd-Frank having to do with enhanced prudential supervision of large financial institutions."
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L. Richard Fischer, a partner at Morrison & Foerster: "One could speculate that each of the bank trade associations would like to have the entire playing field to themselves, but they can't, because there are several different very effective ones."
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"We represent a certain segment of the bank, not the entire bank," says Richard Hunt, the president of the Consumer Bankers Association. For example, the Consumer Financial Protection Bureau "affects our members and our mission more than any other trade association. … CFPB will touch every aspect of our business."
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