U.S. Regulatory Week Ahead
August 14 - 18, 2023
First, a quick note on a slight change to our Regulatory Week Ahead. Starting with this issue, we will include coverage of the two U.S. antitrust enforcers – the Federal Trade Commission and the Department of Justice Antitrust Division. With DoJ’s Assistant Attorney General for Antitrust Jonathan Kanter’s recent speech at the Brookings Institution on “Promoting Competition in Banking,” it is clear two new regulators have moved into the financial regulatory space.
Now back to our usual previewing of the coming week: It may still be the dog days of summer in Washington, but there is one big event next week. FDIC Chair Marty Gruenberg will give a speech at the Brookings Institution on “lessons learned” from the resolution of regional banks – a direct reference to the recent collapse of Silicon Valley Bank and the closing of Commonwealth Bank in New York. Banks will watch his speech closely for greater insight into FDIC policy – and perhaps comments about the banking regulators’ newly proposed capital requirements. You can watch it online (link below).
Otherwise, there are no public speeches by senior regulators and no open meetings or rule proposals. It is all quiet. But if you have any questions, please let us know. We hope you are enjoying your August!
U.S. Congressional Hearings
Congress is out of session for the month of August. The Senate returns on September 5th, and the House of Representatives on September 11th.
US Regulatory Meetings & Events
Monday, August 14, 2023 – 2:00 – 3:00 p.m.: FDIC Chair Martin Gruenberg speaks at the Brookings Institution on “The resolution of large regional banks and lessons learned.” You can watch the speech online by clicking HERE.
Thursday, August 17, 2023 – 2:30 p.m.: The U.S. Securities and Exchange Commission will hold a closed meeting.
Friday, August 18, 2023 – 9:00 a.m. – 4:00 p.m.: The FDIC and Georgia Coalition of Black Chambers Host the Georgia Access to Capital Summit: Building an Inclusive Business Landscape for Under-Resourced Small Businesses at the Bibb County Professional Learning Center, Macon, Georgia
Think Tank Events
Nothing of note is scheduled at this point for next week.
Please let us know if you have any questions.