White Papers

Promoting Innovation in Financial Services

Summary

SIFMA’s white paper, “Promoting Innovation in Financial Services,” highlights SIFMA’s recommendations for balancing financial regulation and innovation pursuant to the President’s Core Principles. The report includes nine recommendations including the creation of an FSOC Fintech Subcommittee with specific directives to drive innovation among U.S. financial policymakers. The report also includes specific recommendations for other initiatives which impact our members including data aggregation, definition of “control” under the Bank Holding Act, digital investment advice, marketplace lending, distributed ledger technology, cloud computing, data localization, and artificial intelligence.

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