WASHINGTON, D.C. – Forum President and COO Rob Nichols issued the following statement on the G-20 Summit:

"The Forum applauds President Barack Obama and all G-20 leaders for coming together to stabilize, modernize, and strengthen the global financial system, and to address the economic problems in the U.S. and throughout the world. Global cooperation is vital to market stabilization and job creation in the U.S. and abroad.

"As the G-20 leaders discuss ways to overcome the current economic crisis, I urge them to maintain a posture of engagement and to support open investment policies that will help stabilize and revive global markets. An open and competitive capital system is critical to economic growth and stability.

"I wish Summit participants the best as they tackle these challenging and important issues."

The Financial Services Forum is a non-partisan financial and economic policy organization comprised of the CEOs of 17 of the largest and most diversified financial services institutions doing business in the United States. The purpose of the Forum is to pursue policies that encourage savings and investment, promote an open and competitive global marketplace, and ensure the opportunity of people everywhere to participate fully and productively in the 21st-century global economy.