6th Annual Capital Markets Summit: Strengthening Our Markets: Ensuring Capital for Main Street Businesses

Wednesday, March 28, 2012

On Wednesday, March 28, 2012, CCMC hosted its Sixth Annual Capital Markets Summit.  At this full-day event in Washington, attendees received an in-depth look at a number of the most important issues facing our capital markets.Each year, this event brings together business and government leaders to examine the state of our financial markets.  Focused on ensuring America's job creators have access to growth capital, this event will examine the most critical issues facing our capital market system. Learn more at www.CapitalMarketsSummit.com

 

Financial Regulatory Reform: 2012 Report Card 

The Report Card evaluates the progress being made, by Congress and regulators to achieve modern, well-regulated, fair, transparent, and vibrate capital markets down into four areas critical to ensuring the vitality of our markets:

  • Protecting the Diversity of Capital Formation
  • Reforming Corporate Governance
  • Ensuring U.S. Competitiveness Through Financial Regulatory Reform
  • Preserving the Integrity of Accounting and Auditing

In addition to grading the four areas, the report also provides suggestions on how regulators and Congress can bring up the grade to support capital formation system that benefits consumers, investors, and job creators.

Download the Report Card.

 

 

Recent Comment Letters

3/21 – Hill Letter Opposing amendment # 1931 offered by Senator Reed to H.R. 3606, the “Reopening American Capital Markets to Emerging Growth Companies Act of 2011.

3/20 – Letter to U.S. Senate Supporting supports H.R. 3606, the “Reopening American Capital Markets to Emerging Growth Companies Act of 2011”.

2/29 – Comment Letter to PCAOB Regarding Proposed Auditing Standard Related to Communications with Audit Committees.

2/21 – Coalition Comment Letter to the SEC, FDIC, OCC, CFTC, and Federal Reserve Regarding Prohibitions and Restrictions on Proprietary Trading and Certain Interests in and Relationships With, Hedge Funds and Private Equity Funds.

2/15- Hill Letter to the House Financial Services Commitee on H.R. 2308, H.R. 4014, and H.R. 3606.

2/13-Comment Letter to the SEC, FDIC, OCC, and Federal Reserve Regarding Prohibitions and Restrictions on Proprietary Trading and Certain Interests in and Relationships With, Hedge Funds and Private Equity Funds.

2/8-Comment Letter to FASB on Proposed Accounting Standards Update on Financial Services Investment Companies and Proposed Accounting Standards Update on Real Estate Property Entities

1/24-Comment Letter to the CFPB Regarding the Small Business Provisions of the Dodd-Frank Act.

1/17-Letter to the Federal Reserve, FDIC, SEC, OCC, and CFTC Regarding Prohibitions and Restrictions on Proprietary Trading and Certain Interests in and Relationships with, Hedge Funds and Private Equity Funds.

1/9 – Letter to the PCAOB on Improving the Transparency of Audits.

 Click here to view all comment letters.



Chamber Calls for Re-Proposal and Delay of Volcker Rule

“If America wants to maintain its place as the premier global capital markets, then we need to hit the reset button on this proposal,” said David Hirschmann, President and CEO, CCMC. 

Read the Press Release
Read the Comment Letter 
 


 CFPB Spotlight

 Visit www.CFPBSpotlight.com

The purpose of the site keep the public informed as the government takes on the task of building, staffing, and setting forth an agenda for the CFPB. 

Richard Cordray Nomination

On Jan. 4, the President circumvented Congress, while out on recess, and appointed Richard Cordray as director of the CFPB. This controversial move unfortunately puts the authority of the director and the validity of the CFBP in jeopardy.  Tom Donohue’s statement began with “to say we are disappointed in the move by the President today would be a gross understatement.” Click here to read the Chamber’s full statement. 

CFPB: The Need For Checks and Balances

The CFPB, the new agency is insulated from the traditional checks and balances other independent agencies comply with. Click here to see a comparison of selected federal regulators showing the different layers of accountability facing selected independent agencies.