DEFINITION of 'Financial Services Roundtable'

The Financial Services Roundtable represents 100 of the largest integrated financial services companies which provide banking, insurance and investment products and services to American consumers.

The stated goals of the Financial Services Roundtable are to:

  1. Be the premier executive forum for the leaders of the financial services industry
  2. Provide powerful legislative and regulatory advocacy
  3. Enhance the industry's public reputation
  4. Promote best practices and a strong infrastructure in technology

The Roundtable believes that financial services companies are integral to the nation's economy and that the competitive marketplace, not government, should largely govern the delivery of financial products and services. It underscores the necessity of uniform national standards across state lines and the effective use of technology to efficiently deliver financial products and services.

BREAKING DOWN 'Financial Services Roundtable'

The Financial Services Roundtable as it is currently known was formed in early 2000 when the first members from the securities, investment and insurance sectors joined their banking industry counterparts (who had formerly been assembled as the Bankers Roundtable) as founding members of the Financial Services Roundtable. The Bankers Roundtable chose to expand its mission in April 1999 to represent integrated financial services firms in response to industry shifts and congressional financial modernization legislation.

The Bankers Roundtable was originally formed in October 1993 as a result of the merger of the Association of Registered Bank Holding Companies (formed in 1958) and the Association of Reserve City Bankers (formed in 1912).

RELATED TERMS
  1. Housing Policy Council - HPC

    A subsidiary of the Financial Services Roundtable, formed in ...
  2. Services Sector ETF

    Exchange-traded funds (ETFs) that invest in either the consumer ...
  3. Financial Institution - FI

    An establishment that focuses on dealing with financial transactions, ...
  4. Service Sector

    The portion of the economy that produces intangible goods. According ...
  5. Capital Markets Group

    A division within a larger company that uses its expertise in ...
  6. Consumer Bankers Association - ...

    A U.S. trade organization representing financial institutions ...
Related Articles
  1. Trading

    Will Market Volatility Impact M&A in 2016?

    With global economic uncertainty and stock market volatility marking the start of 2015, analysts forecast that M&A is likely to experience a slowdown.
  2. Investing

    Best Mutual Funds For Financial Service Company

    Understand the investment opportunities in the financial services sector, and learn about the best mutual funds for financial service company exposure for 2016.
  3. Investing

    The Globalization Of Financial Services

    The key to survival for many financial institutions will be to efficiently serve a global customer base.
  4. Personal Finance

    Private Banker: Career Path & Qualifications

    Discover what kind of work private bankers do, and learn more about how you can develop the experience and qualifications required to work in the field.
  5. Financial Advisor

    Why Investment Bankers Need Financial Advisors

    Even the most successful investment bankers need financial advisors. Here's why.
  6. Financial Advisor

    Steps For Adding New Services To Your Finance Business

    Advisors who seek to add additional lines of business to their practices need to carefully consider all the factors involved.
  7. Financial Advisor

    Be A One-Stop Shop For Your Clients

    Offering comprehensive financial services can bring in business, but coordination is the key to success.
  8. Investing

    Find out Top 5 Holdings of the Dodge & Cox!

    Take a look at the top five portfolio holdings of the Dodge & Cox Stock Fund, along with an overview of this Morningstar analyst gold-rated fund.
  9. Investing

    Investment Services Stump Investors

    What you're getting isn't easy to determine. Find out how to get your money's worth.
  10. Personal Finance

    Understanding the Financial Sector

    The financial sector is a category of stocks comprised of firms that provide financial services to commercial and retail customers.
RELATED FAQS
  1. What distinguishes the financial services sector from the banks?

    Learn about the difference between the banking industry and the financial services sector and how to distinguish financial ... Read Answer >>
  2. What are the biggest trends affecting the profitability of the financial services ...

    Explore the trends that most affect the financial services sector, including the role of central bank policy and challenges ... Read Answer >>
  3. What is the financial services sector?

    Go beyond banks and credit unions to learn about the diverse group of companies that make up the fast-growing financial services ... Read Answer >>
  4. What are the main reasons an investor should consider an allocation to the banking ...

    Learn about investment opportunities in the commercial and investment banking industry. Find out why many investors choose ... Read Answer >>
  5. What other sectors are most similar to financial services?

    Learn about the various components of the financial services sector as the main economic area that allows countries to export ... Read Answer >>
  6. What other sectors are most similar to banking?

    Learn valuable information about the many different subsectors in the financial services sector that most closely resemble ... Read Answer >>
Hot Definitions
  1. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  2. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  3. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  4. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  5. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  6. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
Trading Center