Jobs Agenda: Capital Markets
The U.S. Chamber’s Center for Capital Markets Competitiveness (CCMC) works toward advancing America’s global leadership in capital formation by supporting capital markets that are fair, efficient, and innovative.
The Facts
- The global financial crisis revealed weaknesses in our outdated, broken financial regulatory system.
- The real impact of Dodd-Frank will depend on its implementation. The legislation requires regulators to issue nearly 400 new rules and conduct 47 studies and 74 reports that could lead to additional rules.
- Further fundamental reform is necessary to ensure the competiveness of our capital markets.
The Chamber’s Plan to Revitalize Our Capital Markets
Engage Regulators to Ensure Sensible Rules and Proposals for Dodd-Frank Implementation:
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Aggressively shape the Consumer Financial Protection Bureau (CFPB) to limit overreaches and consequences, fight efforts that reduce consumer choice, and oppose efforts that federalize either the
allocation of credit or the pricing of financial products. - Engage regulators to ensure that rules and proposals facilitate capital formation and market efficiency. Top priorities include derivatives, consumer protection, executive compensation, and corporate governance.
Promote the Long-Term Interests of All Investors:
- Support and advocate for proposals that serve the long-term goals of a company and its investors.
- Oppose shareholder proxy resolutions, an increasingly popular tool that activist unions are leveraging for their organizing objectives.
Engage Financial Reporting Policymakers to Develop Systems That Effectively Report Economic Activity:
- Engage standard setters and regulators to ensure that convergence and other projects proceed in a deliberative open process and that the right standards are implemented.
Lead the Offensive Charge to Address Critical Areas Within the Regulatory Structure:
- Address and propose solutions to fundamental issues that still exist within our financial regulatory structure; restructure the layered, overlapping, and complex regulatory system; reform individual regulators; bring transparency to self-regulatory organizations; bring attention to and work to mitigate regulation through enforcement; ensure that regulators are mindful to keep our competitive edge while implementing Dodd-Frank and additional reforms.
To learn more, visit www.centerforcapitalmarkets.com.
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From FreeEnterprise.com |
PRESS RELEASES
RELATED SITES
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CENTER FOR CAPITAL MARKETS COMPETITIVENESS Since its inception in 2007, the U.S. Chamber’s Center for Capital Markets Competitiveness (CCMC) has worked to advance America’s global leadership in capital formation by supporting capital markets that are the most fair, efficient, and innovative in the world. |
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The Chamber's Center for Capital Markets Competitiveness launched this site to shine a spotlight, and keep the public informed, as the government takes on the task of building, staffing, and setting forth an agenda for the CFPB. |
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