The Bank Policy Institute (BPI) is an American public policy, research, and advocacy organization, based in Washington, D.C.
The organization was formed in July 2018 following the merger of the Financial Services Roundtable and the Clearing House Association. BPI's members include 42 banking institutions representing universal banks, regional banks, and foreign banks doing business in the United States. The CEO is Greg Baer, a former litigator, corporate executive and public official who was Assistant Secretary for Financial Institutions at the U.S. Department of the Treasury during the Clinton administration and as Managing Senior Counsel for the Federal Reserve Board of Governors.
History The Association of Reserve City Bankers was formed in 1912 with 102 charter members{ "History of the Roundtable". Financial Services Roundtable. Archived from the original on April 27, 2013. Retrieved 2019-03-23.} and, in 1958, the Association of Registered Bank Holding Companies was formed due to the Bank Holding Company Act of 1956. In 1993, these two entities merged to form the Bankers Roundtable. The name of the organization was changed to the Financial Services Roundtable in 2000 to reflect a decision to broaden the organization's mission to include integrated financial service providers.
In July 2018, Financial Services Roundtable merged with the Clearing House Association to form the Bank Policy Institute. The organization was formed to bolster banks' political and public policy influence in Washington, D.C.
Divisions BITS (Business-Innovation-Technology-Security — formerly named the Business Industry Technology Secretariat) formed as a division within the then-Bankers Roundtable in 1996. Its mission was to enhance collaboration across the industry on technological issues and address "emerging threats and opportunities,” including cybersecurity, fraud reduction, and critical infrastructure protection.
Leadership While Greg Baer is the CEO, the organization's board of directors is chaired by JPMorgan Chase CEO Jamie Dimon and consists of the following financial services executives:
Jamie Dimon, JPMorgan Chase & Co. (Chairman) Brian T. Moynihan, Bank of America Jean-Laurent Bonnafé, BNP Paribas Robin Vince, BNY Mellon Richard Fairbank, Capital One Jane Fraser, Citigroup Bruce Van Saun, Citizens Tim Spence, Fifth Third Bryan Jordan, First Horizon David Solomon, Goldman Sachs Stephen Steinour, Huntington René Jones, M&T Bank Kanetsugu Mike, MUFG John Turner, Jr., Regions William Rogers, Truist , U.S. Bancorp Charles W. Scharf, Wells Fargo
Heather Hogsett is an executive vice president and head of BITS, the technology policy division of the Bank Policy Institute.
Members BPI has approximately 42 member companies, including: "Lobbying Spending Database - Financial Services Roundtable, 1998". OpenSecrets. Retrieved 2012-06-15
Ally Financial Barclays BMO Financial Group BNP Paribas BNY Mellon Capital One Charles Schwab Corporation CIBC Citibank Citizens Bank Comerica Bank Discover Financial Fifth Third Bank First Horizon National Corporation
American Express Goldman Sachs HSBC USA Huntington JPMorgan Chase & Co. Key Bank Morgan Stanley M&T Bank MUFG Bank Northern Trust PNC Bank Popular, Inc. Raymond James Financial Royal Bank of Canada
Bank of America Regions Financial Corporation Santander Bank Silicon Valley Bank State Street Corporation Synchrony Financial Synovus TD Bank Truist Financial UBS United Bankshares, Inc. U.S. Bank Wells Fargo Zions Bancorporation
Major initiatives BPI was a vocal advocate for reforms to beneficial ownership requirements that would require the U.S. Department of Treasury Financial Crimes Enforcement Network to collect information from companies at the time of incorporation to determine who owns or has a financial interest in the company. A legislative fix, supported by BPI, passed in 2020 as a provision of the annual defense spending bill known as the National Defense Authorization Act.
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