Financial Services Forum

What Financial Services Forum does

The Financial Services Forum is a private, Washington, D.C.-based economic policy and advocacy organization established in 2014 to represent the eight largest and most diversified U.S. financial institutions: BNY, Bank of America, Citi, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street, and Wells Fargo. Collectively, these members employ 712,269 U.S. workers, hold $979 billion in Tier 1 capital, maintain over $3 trillion in high-quality liquid assets, and have extended approximately $9.3 trillion in credit to businesses and households. The Forum's work centers on direct engagement with federal banking regulators (Federal Reserve, OCC, FDIC), the U.S. Congress, and the executive branch on capital requirements, stress testing, GSIB surcharges, Basel III implementation, digital-asset and stablecoin regulation, and consumer financial access.

The organization operates as a fixed-roster trade association with no commercial products, no technology platform, and no proprietary intellectual property. Its "products" are policy outputs: regulatory comment letters, research publications (BankNotes Blog, Policy Cents video series), press releases, and coordinated member-bank positions on pending rules. Delivery is policy-led and sales-led in the sense of direct relationship management with regulators and legislators. Revenue is generated entirely through recurring membership dues from the eight member institutions, with pricing not publicly disclosed.

Governance is by the members themselves, with leadership provided by a Chair (Jane Fraser, CEO of Citi) and Vice Chair (Robin Vince, CEO of BNY) drawn from member institutions on a rotating basis. The Forum's headcount is 11-50 staff, supporting advocacy, research, and communications functions. There are no subsidiaries, no external ownership, and no venture or private equity investment. Geographic scope is the United States only.

Name

Financial Services Forum

Legal name

Financial Services Forum

Website

https://fsforum.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

The Financial Services Forum is a Washington, D.C.-based policy advocacy organization representing the eight largest U.S. financial institutions (BNY, Bank of America, Citi, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street, Wells Fargo) on banking regulation, capital requirements, and financial policy before federal regulators and Congress.

Ownership category

akta.pro rank

Product category

Financial Services Trade Association

NAICS

Finance and Insurance (52)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

Keywords

• Financial policy advocacy
• Banking trade association
• Regulatory engagement
• Banking industry research
• Industry advocacy

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Membership Dues: The Forum operates as a membership-based organization funded by contributions from its eight member institutions (BNY, Bank of America, Citi, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street, and Wells Fargo). The organization does not generate commercial revenue from products or services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

The Financial Services Forum is an economic policy and advocacy organization representing the eight largest U.S. financial institutions (BNY, Bank of America, Citi, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street, and Wells Fargo). It promotes policies supporting savings and investment, financial inclusion, deep and liquid capital markets, a competitive global marketplace, and a sound financial system through policy advocacy, regulatory engagement, and research publication.

Product overview

The Financial Services Forum is an economic policy and advocacy organization representing the eight largest U.S. financial institutions (BNY, Bank of America, Citi, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street, and Wells Fargo). Rather than offering a unified technology product, the Forum provides policy advocacy services, research and analysis on banking regulation, and showcases member institutions' community impact initiatives including municipal projects, small business lending, and affordable housing financing across the United States.

Differentiator

Problem solved

Functional benefit

Products and services

• Policy Advocacy Services Policy advocacy and engagement on behalf of the eight member institutions, focusing on regulatory frameworks including Basel III capital requirements, GSIB surcharge rules, and digital asset regulation.
• Research and Analysis Research and analysis on banking industry issues, presented through the BankNotes Blog, charts and graphs, and longer research pieces on capital, liquidity, and regulatory topics.
• Community Impact Initiatives Showcase of member institutions' community investments including municipal bond underwriting, small business lending, affordable housing financing, and workforce development programs across all 50 U.S. states.

Quantifiable outcome

• $9.3 trillion in credit extended to businesses and households
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• American Bankers AssociationcoreOthersRegular co-signatory on joint industry comment letters to regulators on banking policy issues including Basel III capital rules, stablecoin regulation, and other financial policy matters.
• Bank Policy InstitutecoreOthersFrequent co-signatory on regulatory comment letters and joint advocacy efforts on capital requirements, stress testing, and other supervisory matters affecting large banks.
• Consumer Bankers AssociationcoreOthersPart of the coalition of banking trade groups that submit joint comment letters on regulatory proposals including Basel III Endgame, GSIB surcharge, and stablecoin legislation.
• U.S. Chamber of CommerceminorOthersOccasional co-signatory on joint industry letters regarding regulatory burden and capital requirements affecting major financial institutions.
• Independent Community Bankers of AmericaminorOthersParticipates in joint statements on digital asset market structure legislation and stablecoin regulations affecting the broader banking industry.
• The Clearing House AssociationminorOthersCo-signatory on opposition to Federal Reserve payment account proposals and other payment system access regulations.

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• U.S. Chamber of Commerce: Broader business-advocacy organization that occasionally co-signs with the Forum on regulatory burden and capital issues. Larger and more diversified scope across all US industries, but overlaps on the largest financial institution policy agenda.

Direct peers

• The Clearing House Association: Owned by major commercial banks, The Clearing House operates payments systems and conducts regulatory advocacy on capital, payments, and prudential matters. Listed as a co-signatory partner with the Forum on joint comment letters.
• Securities Industry and Financial Markets Association (SIFMA): Broad capital-markets trade association whose members overlap heavily with Forum members (Goldman Sachs, Morgan Stanley, BNY, State Street, JPMorgan). Comparable function as voice for Wall Street firms on prudential, market-structure, and capital rules.
• Investment Company Institute (ICI): Leading trade association for regulated investment funds (mutual funds, ETFs), working with the same regulatory agencies (SEC, Treasury, Federal Reserve) on capital, liquidity, and fund-rule policy — directly comparable operating model.
• American Council of Life Insurers (ACLI): National trade association for life-insurance carriers that engages federal and state regulators on capital, prudential, and tax policy. Operates with a similar dues-funded advocacy model targeting the same regulatory counterparties as the Forum.
• American Bankers Association: The largest US banking industry trade association, representing banks of all sizes. Directly comparable to the Financial Services Forum as a co-signatory on joint comment letters to banking regulators on Basel III, GSIB surcharge, and stablecoin rules.
• Institute of International Finance (IIF): Global association of financial institutions that engages on international financial regulation and macroeconomic policy. Comparable advocacy/regulatory-engagement model with overlapping member institutions.
• Bank Policy Institute: A policy and advocacy organization for leading US banks, formed from the merger of The Clearing House Association and the Financial Services Roundtable (the Forum's predecessor). Frequent co-signatory with the Forum on regulatory comment letters on capital rules and supervisory matters.
• Consumer Bankers Association: Trade association for retail banking, frequently co-signing with the Forum on joint comment letters on Basel III Endgame, GSIB surcharge, and stablecoin regulation.
• Independent Community Bankers of America: Represents community banks, often aligning with the Forum on digital-asset market structure and stablecoin legislation affecting the banking industry.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/fsforum
• YouTubeyoutube.com/@FinancialServicesForum
• LinkedInlinkedin.com/company/financial-services-forum
• Instagraminstagram.com/finservforum

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Financial Services Forum