Week inAdvance Monday | Dec 7, 2020

Mon Dec 7 Brexit talks. | Tue Dec 8 CFTC considers final swaps rules. | Wed Dec 9 SEC vote on market data plan Nasdaq deemed unconstitutional. | Thu Dec 10 BIS crypto webinar. EU Leaders Summit. | Fri Dec 11 Preliminary sentiment index. All times are Eastern and subject to change.

please join us

Thursday, Dec 10 INVESTORS market practices industry update 11:30 am - noon Come when you can. Leave when you have to. Take your calls.

at the agencies

Tuesday, Dec 8 COMMODITY FUTURES TRADING COMMISSION Open virtual meeting to consider the following: Final rule: Electronic trading risk principles Final rule: Swap execution facilities (audit trail, financial resources and CCO requirements) Final rule: Exemptions from swap trade execution requirement Withdrawal of unadopted proposals in the 2018 SEF proposed rule: Swap execution facilities and trade execution requirement Final rule: Part 190 bankruptcy regulations Final rule: Margin requirements for uncleared swaps for swap dealers and major swap participants (minimum amount) Final rule: Margin requirements for uncleared swaps for swap dealers dealers and major swap participants (material swap exposure definition and initial margin calculation) Final rule: Revision of certain regulatory provisions to incorporate changes in the CFTC's administrative structure Wednesday, Dec 9 SECURITIES AND EXCHANGE COMMISSION The SEC plans to consider adopting rules designed to improve stock exchanges’ public data feeds after an earlier plan drew opposition and will vote on rules that stem from a market data proposal Nasdaq fought to kill. See the complete agenda here. Thursday, Dec 10 FOOD AND DRUG ADMINISTRATION Meeting to discuss the vaccine made by Pfizer/BioNTech. If the FDA authorizes emergency use, vaccine distribution could begin within 24 hours.

on the hill

Wednesday, Dec 9 SENATE FINANCE Subcommittee on Social Security, Pensions, and Family Policy hearing to investigate challenges to U.S. retirement security.

across the globe

Monday, Dec 7 BRUSSELS, Belgium & LONDON, U.K. Last throw of the dice for Brexit: negotiators expect trade discussions to conclude – one way or another – this week. France has warned it may veto a trade deal between the U.K. and the European Union if it doesn’t like the terms, piling pressure on the EU negotiating team not to make further concessions. Wednesday, Dec 9 PARIS, France OECD-Basel Institute on Governance webinar on "Corrupting the environment, a high-level virtual debate on environmental degradation, illicit trade, and corruption. This event on International Anti-Corruption Day launches a series of monthly topical dialogues on green corruption, from "following the money" to mineral supply chains and cyber crime. Thursday, Dec 10 BASEL, Switzerland BIS (Bank for International Settlements) Innovation Hub webinar on the legal aspects of crypto assets. Thursday, Dec 10 FRANKFURT, Germany ECB rate decision. The Governing Council meets to “recalibrate” its monetary stimulus. Economists widely expect the ECB to increase and extend its pandemic bond-buying program, and give banks access to more long-term loans. ECB President Christine Lagarde briefing. Thursday, Dec 10 - Friday, Dec 11 BRUSSELS, Belgium EU Leaders Summit. Agenda is expected to include core issues such as budget and stimulus, the Brexit deal as trade talks enter the end game, and ratification of the 2030 climate goals.

other events

Friday, Dec 11 The University of Michigan’s preliminary sentiment index for December is expected to dip slightly after falling to a three-month low in November. Rising Covid-19 cases, renewed restrictions, and a series of looming fiscal cliffs at year-end could have weighed on sentiment.

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