U.S. Regulatory Week Ahead
October 9 - 13, 2023
Washington will be relatively quiet this coming week. Monday is a federal holiday (Columbus Day) while Congress is either not in session all week for the holiday (the Senate) or busy trying to figure out who the next Speaker of the House will be (House Republicans and then a full vote by the full House – as early as Wednesday provided Republicans can coalesce around a candidate). No committee hearings are scheduled.
There are only a few notable regulatory meetings or speeches this week – the notable exception being Federal Reserve Vice Chair Michael Barr speaking at the American Bankers Association Annual Convention in Nashville. Barr will talk with ABA CEO Rob Nichols about where bank regulation is going.
Atlanta Federal Reserve Bank President Raphael Bostic will also be speaking at the ABA Convention and will address both the economic outlook as well as bank regulation.
Meanwhile, the world’s central bankers and finance ministers will gather in Morocco for the annual World Bank/International Monetary Fund meetings. Federal Reserve Board Chair Jay Powell and Treasury Secretary Janet Yellen will attend.
Below is the full regulatory calendar as we see it for the coming week. Please let us know if you have any questions.
U.S. Congressional Hearings
House of Representatives
Congress is in session this coming week, but no hearings are scheduled as House Republicans seek to figure out who the next Speaker of the House will be. House Republicans will be holding a “candidate forum” Tuesday to possibly vote on Speaker Kevin McCarthy’s replacement on Wednesday.
U.S. Senate
The Senate is out of session this coming week for the Columbus Day holiday. No committee hearings are scheduled.
US Regulatory Meetings & Events
Federal Reserve Board
October 10 – 14: Federal Reserve Board Chair Jay Powell will be in Marrakesh, Morocco, for the World Bank/International Monetary Fund meetings.
October 9, Monday, 11:00 a.m. EST: Federal Reserve Vice Chair for Supervision Michael S. Barr will participate in a talk with ABA President Rob Nichols at the American Bankers Association Annual Convention in Nashville, Tennessee.
October 9, Monday, 1:30 p.m.: Vice Chair Philip N. Jefferson gives a speech entitled “U.S. Economic Outlook and Monetary Policy Transmission” at the 65th National Association for Business Economics (NABE) Annual Meeting, Dallas, Texas.
October 10, Tuesday, 9:00 a.m. EST: Atlanta Federal Reserve Bank Raphael Bostic will participate in a discussion on the outlook for the U.S. economy and interest rates, the state of the banking industry, and opportunities to enhance financial inclusion at the American Bankers Association Annual Convention in Nashville, Tennessee.
October 10, Tuesday, 1:30 p.m.: Federal Reserve Governor Christopher J. Waller gives a speech entitled “The Evolution of Monetary Policy” at the Mercatus Center at George Mason University Conference: The Legacy of Bennett McCallum and Lessons for Monetary Policy Today, Washington, D.C.
October 11, Wednesday, 4:15 a.m. EST: Federal Reserve Governor Michelle W. Bowman gives a speech entitled “Financial Stability in Uncertain Times” at the Reinventing Bretton Woods Committee and Policy Center for the New South Marrakesh Economic Festival, Marrakech, Morocco.
October 11, Wednesday, 10:15 a.m. EST: Federal Reserve Governor Governor Christopher J. Waller participates in a fireside chat at the E2 Summit, Park City, Utah.
October 12, Thursday, 3:00 p.m. EST: The Federal Reserve holds its latest “U.S. Currency Education Program: Professional Cash Handler Webinar Series: Cashiers.”
U.S. Treasury Department
October 10 – 14: Treasury Secretary Janet Yellen will be participating in the World Bank/International Monetary Fund meetings in Marrakech, Morocco.
Securities and Exchange Commission
October 10, 12:30 p.m.: SEC Commissioner Caroline Crenshaw will deliver a keynote address at the Center for American Progress’ discussion entitled “Accessing Public Capital Without Public Disclosure” in Washington, D.C.
Federal Deposit Insurance Corporation
Nothing significant to report.
Commodities Futures Trading Commission
October 10, Tuesday, 11:15 a.m.: Commissioner Summer Mersinger will participate in a virtual fireside chat at Paul Hastings’ Crypto Derivative Event.
October 12, Thursday, 4:30 – 6:00 p.m. EST: Commissioner Kristin Johnson will deliver the Manuel Cohen Memorial Lecture on “Artificial Intelligence and the Future of Finance” at the George Washington University Law School in Washington, D.C.
Office of the Comptroller of the Currency
Nothing significant to report.
National Credit Union Administration
Nothing significant to report.
Federal Trade Commission & Department of Justice Antitrust Division
October 11, 1:30 p.m.: Federal Trade Commission Chair Lina Kahn gives remarks at the 2023 American College of Emergency Physicians Scientific Assembly in Philadelphia, Pennsylvania. Her speech is entitled “Beyond the Rhetoric – Conversations About Private Equity, Non-Competes & the Future of EM.”
Farm Credit Administration
October 12, Thursday, 10:00 a.m.: The FCA Board meets at their headquarters in McLean, Virginia. The agenda includes voting on the “Young, Beginning, and Small Farmers and Ranchers Final Rule.”
Trade Associations & Think Tank Events
Think Tanks
October 10, Tuesday, 12:30 p.m. EST: The Center for American Progress is holding a discussion on "Accessing Public Capital Without Public Disclosure." SEC Commissioner Caroline Crenshaw delivers keynote remarks.
October 12, Thursday, 9:00 a.m.: The Peterson Institute for International Economics holds a discussion entitled “Which markets should be centrally cleared?”
October 13, Friday, 10:00 a.m.: The Atlantic Council hosts a discussion with European Commissioner for Financial Stability Mairead McGuinness, as part of the 2023 annual meetings of the World Bank and International Monetary Fund.
Trade Associations
October 8 – 10: The American Bankers Association holds its Annual Convention in Nashville, Tennessee. Michael S. Barr, Vice Chair for Supervision, at the Federal Reserve, will give participate in a talk with ABA President Rob Nichols on October 9 at 11:00 a.m. EST. On October 10 at 9:00 a.m.EST, Atlanta Federal Reserve Bank President Raphael Bostic will participate in a discussion on the outlook for the U.S. economy and interest rates, the state of the banking industry, and opportunities to enhance financial inclusion.
October 10, Tuesday, 3:00 p.m. EST: The Investment Company Institute holds a virtual panel discussion entitled “Financial Innovation Series: Blockchains: A Discussion on Types, Use Cases, and Other Considerations.”
October 10, Tuesday, 5:00 p.m. ET: The Investment Company Institute holds a Networking Reception in Cincinnati, Ohio. ICI President and CEO Eric Pan will participate in a fireside chat to give his perspectives on the current landscape of the funds industry.
October 12 – 14: The Institute for International Finance holds its Annual Membership Meeting in Marrakech, Morocco, in conjunction with the World Bank/IMF Annual Meetings.
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