National Unrecovered Financial Services Association released a study by Oxford Economics that reaffirms the expert consensus that increased capital and liquidity requirements on banks will have a negative impact on U.S. economic growth and future employment. The study analyzed five of the most prominently and frequently cited capital cost studies using the Oxford Global Economic Model—the most widely used commercial international economic forecasting and scenario model in the world. The results demonstrated that while there is a wide range of conclusions on the severity of the impact of increased capital and liquidity requirements, all the studies conclude that there will be an economic and job cost to the U.S. economy. The findings clearly demonstrate the need for any regulatory program to be carefully structured to avoid any unintended consequences to economic growth and employment.