You can fill in gaps and things of that nature. So the regulations address one i would consider a very small segment of the issue and through industry programs, like responsible care for instance, we are able to cast a much broader net to make sure there is at least a base level Security Product is out there that address not only cybersecurity in the hold on the physical security and Environmental Protection and safety as well. That again, because the Financial Services sector and the isac get collaboration with others, through your experience if you were advising a site or that is just coming along and tried to build up their infrastructure for information and collaboration, what Lessons Learned do you have that could be applied to other sectors quite for one thing, that is a great question because the isac has assisted in actually helps run the isac which deals with large facilities in the country, large buildings. We have helped other stuff can as well rant. The lesson i have learne
Vice chairman has said quite correctly, well, this doesnt we need to come up until next year, but thats a long time to wait. My concern is that we do need to do something there. I dont think its necessary to put the fisa bill first. Our bill is ready to go. It could pass the senate. I think at the very least they would show that we can pass something. We can get it conferenced. We can get it back before the senate for a final vote and we can get to the president. So we can do this with not a great deal of debate, probably with a joint rule between the two sides that there be a couple of hours for debate and a limited number of amendments, and then get it passed and then conferenced it. So we could get something done. And i very much hope that that will happen. We hope so, too. We have time for one more question if theres anyone else out there. Theres one here in the middle. My name is jason from senator mark kirks office. I wanted to ask senator chambliss, who will hold the banner for
Decision and economists not forecasting a change. Mike mckee our chief economic correspondent will be focused on the 8 30 a. M. Press conference with mario draghi where there is a lot to talk about. Including the possibility of a fed tabor here and what it could mean for rates rising in europe as well. A lot of Economic Data in the u. S. 7 30 a. M. , challenger job lot job cuts, then initial jobless claims of gdp and then bloomberg and Bloomberg Consumer convert and then factory orders and then 8 30 a. M. Eastern treasury secretary jack lew will outline his 2014 regulatory agenda and discuss wall street Reform Efforts in the buzz word will be the volcker rule. 950 pages. Lets do a 950page data check. Stocks, bonds, currencies, flat footed. Treasury yield elevated. 2. 83 . Of two 97. 57 a barrel. Yields,ds, the the the twoyear has not moved. Gold gets a bit finally today. Alix steel, why did gold get a bid . And perhapsering some Hedge Fund Buying coming in and buying a little bit. Mark
Tonewsmakers is please welcome the ceo the of the Financial Services roundtable. Thank you for being here. Let me introduce you to our two reporters who will be asking questions is weak. And ryandouglas is th tracey. Thank you. The Financial Services roundtable may not be in everyday term to folks at home. Would you explain who the members are . About a hundred of the nations Financial Services Companies Including Asset Management, payment, finance companies and the like. Of policyn Research Issues as well as advocacy and community service. Do you directly lobby . 45 . Out we have a lobbying department. Thats part of what we do. Lets start with ryan tracey. A wanted to ask you about Cyber Security which is something you have all been involved in. It has been in the news a lot over the last several weeks. Bleed bug was disclosed and things were seen with the passwords have been exposed. One of the things you have been advocating for his legislation on this front and congress is not movi
To hold back . That is the debate that is going on. Chair yellen said, for the largest institutions, we may require more capital or reserve for cushion in the future if we have continuing concerns about Systematic Risk to these large organizations. She signaled they would be amped up even higher. Our members are concerned if you go too far what youre going to do is put them at a competitive disadvantage against other banks that do not have that high of a requirement. It is also going to stifle lending which is going to keep the economy moving in a positive direction, particularly when it is still fragile. With all the rules in place, do you think they are reaching a point where the concern will , about too big to fail banks, who will be rescued by the government no matter what happens to them are we reaching a point where regulators are not as fearful about that . I think the regulators i do not want to speak for them, but if you look at the Public Comments and summarize them, they say