Week inAdvance

Monday | Jul 10, 2023

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Mon Jul 10 CFTC Market Risk Advisory Committee meets. | Tue Jul 11 NATO summit. | Wed Jul 12 SEC to vote on new money market fund regs. FSB, IOSCO liquidity risk event. | Thu Jul 13 EU-Japan summit. EU finmins meet. | Fri Jul 14 ESG in the House. Bastille Day in France, financial markets closed. G20 finmins, central bank guvs meet in India.

All times are Eastern and subject to change.

Thursday, Jul 13

INVESTORS market practices industry update

10:30 - 11 am ET

Come when you can. Leave when you have to. Take your calls.

Monday, Jul 10

COMMODITY FUTURES TRADING COMMISSION

The Market Risk Advisory Committee will meet to share updates from the CCP Risk and Governance Subcommittee on its workstreams on CCP Resolution and Recovery, Margin and Collateral Guidelines, and Technology and Operations. The Market Structure Subcommittee will share updates regarding its workstreams on block implementation rules, FCM concentration and capacity, US Treasury market reform, and post-trade risk reduction. The Interest Rate Benchmark Reform Subcommittee will share a final report regarding the transition away from LIBOR. An expert panel and MRAC members will continue to explore issues arising in digital asset markets with a focus on the risks associated with market structure concerns including custody, conflicts of interest, and vertical integration in digital asset markets. Finally, the Climate-Related Market Risks Subcommittee will share an update on the development of carbon markets and discuss the recent Integrity Council Report. See the complete agenda here.

Wednesday, Jul 12

BUREAU OF LABOR STATISTICS

The CPI report for June is likely to show that price pressures in the US continued to abate, but potentially not enough to prevent additional Fed rate hikes.

Wednesday, Jul 12

FEDERAL RESERVE

Fed issues Beige Book regional economic survey.

Wednesday, Jul 12

SECURITIES AND EXCHANGE COMMISSION

The SEC plans to consider finalizing new rules for money market funds.

• Agency will “consider whether to adopt amendments to certain rules that govern money market funds and related form amendments” at a meeting on July 12, the SEC said in a statement.
• SEC will also weigh amendments to a confidential form that private fund advisers must file with the agency, and whether to propose changes for how brokerages compute reserve deposit requirements.
• The agency proposed money-market fund rule changes in December 2021.

Tuesday, Jul 11

SENATE BANKING, HOUSING, AND URBAN AFFAIRS COMMITTEE

Subcommittee On Housing, Transportation, and Community Development hearing: "Exploiting the American Dream: How Abusive Land Contracts Prey on Vulnerable Homebuyers."

Wednesday, Jul 12

HOUSE FINANCIAL SERVICES COMMITTEE

Hearing: "Protecting Investor Interests: Examining Environmental and Social Policy in Financial Regulation."

Wednesday, Jul 12

SENATE BANKING, HOUSING, AND URBAN AFFAIRS COMMITTEE

Subcommittee On Economic Policy hearing: "Bank Mergers and the Economic Impacts of Consolidation."

Thursday, Jul 13

HOUSE FINANCIAL SERVICES COMMITTEE

Subcommittee on Capital Markets hearing: "Reforming the Proxy Process to Safeguard Investor Interests."

Thursday, Jul 13

HOUSE FINANCIAL SERVICES COMMITTEE

Subcommittee on Oversight and Investigations hearing: "Oversight of the Proxy Advisory Industry."

Friday, Jul 14

HOUSE FINANCIAL SERVICES COMMITTEE

Subcommittee on Housing and Insurance hearing: "How Mandates Like ESG Distort Markets and Drive Up Costs for Insurance and Housing."

Monday, Jul 10 -

Friday, Jul 14

JAKARTA, Indonesia

ASEAN foreign ministers and their counterparts from the US, China, Russia, and other key partners continue their meetings.

Tuesday, Jul 11

GENEVA, Switzerland

WTO's Trade and Environmental Sustainability Structured Discussions (TESSD).

Tuesday, Jul 11 -

Wednesday, Jul 12

VILNIUS, Lithuania

Annual NATO summit. Whether alliance members create a clear path for Ukraine to eventually join will be a major focus. Attendees include US President Joe Biden.

Wednesday, Jul 12

LONDON, UK

Bank of England Governor Andrew Bailey at a news conference on results of financial stability report and stress tests of UK banking system. 

Wednesday, Jul 12

DUBLIN, Ireland

The Financial Stability Board and International Organization of Securities Commissions will hold a public outreach event to launch their respective consultations on liquidity risk and its management in open-ended funds.

Wednesday, Jul 12

VIRTUAL

PRI webinar: Investing with a splash: Risks and opportunities in ocean finance.

Thursday, Jul 13

BRUSSELS, Belgium

EU-Japan Summit with Japanese Prime Minister Fumio Kishida to attend.

Thursday, Jul 13

PARIS, France

French President Emmanuel Macron hosts Indian PM Narendra Modi at dinner.

Thursday, Jul 13 -

Friday, Jul 14

BRUSSELS, Belgium

EU, euro area finance ministers meet.

Friday, Jul 14 -

Tuesday, Jul 18

GANDHINAGAR, India

G20 finance ministers and central bank governors meeting takes place.

Monday, Jul 10 -

Thursday, Jul 13

US President Joe Biden in Europe. He plans talks with UK Prime Minister Rishi Sunak before heading to Lithuania for the 74th NATO summit and ending in Finland for the US-Nordic Leaders' Summit.