U.S. Regulatory Week Ahead
August 28 - September 1, 2023
The coming week will, for the most part, be another quiet summer week – in fact, it will be the last quiet summer week as we head into Labor Day weekend and Washington gets back to work on September 6th.
Until then, the only significant event on the regulatory calendar next week will be the FDIC’s Board of Directors Open meeting. They will consider five resolutions dealing with long-term debt requirements, new filings for institutions with $100 billion or more in total assets, and approval of new procedures for approving the resolution and sale of midsized and large banks.
We will pick up the calendar again next weekend, which we expect to be much fuller as the House of Representatives returns from the August recess, and all the regulators prepare for a hectic fall. Until then, enjoy this last quiet week of summer, and let us know if you have any questions.
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
Securities and Exchange Commission
August 31, 2023 – 2:00 p.m.: The Commission holds a closed-door meeting.
Federal Deposit Insurance Corporation
August 29, 2023 – 10:00 a.m.: The Board of Directors holds an open meeting. They will consider the following items:
Memorandum and resolution re: Notice of Proposed Rulemaking on Long-term Debt Requirements for Large Bank Holding Companies, Certain Intermediate Holding Companies of Foreign Banking Organizations, and Large Insured Depository Institutions.
Memorandum and resolution re: Resolution Plans Required for Insured Depository Institutions with $100 Billion or More in Total Assets; Informational Filings Required for Insured Depository Institutions with At Least $50 Billion, but Less Than $100 Billion in Total Assets.
Memorandum and resolution re: Publication of Proposed Guidance for Dodd-Frank Act Resolution Plan Submissions of Triennial Full Filers.
Memorandum and resolution re: Conditions to Certain Receivership Delegations of Authority and Procedures.
Memorandum and resolution re: Board Approval of Midsized and Large Failed Bank Sales.
Commodities Futures Trading Commission
August 29, 2023 – 11:20-12:00 p.m.: Commissioner Kristen Johnson will participate in a panel discussion on DeFi Regulation moderated by Carole House of Terranet Ventures at the DeFi Retreat US being held at the William Vale, Brooklyn, New York.
Trade Associations & Think Tank Events
Nothing of note is scheduled for the week.
Please let us know if you have any questions or would like to be added to our email distribution list.