U.S. Regulatory Week Ahead
April 15 - 19, 2024
This week, Washington will be abuzz with the World Bank—International Monetary Fund Spring Meetings, which will bring together central bank chiefs, finance ministers, and financial regulators from around the world.
Several major think tank events will offer regulators and central bankers a platform to speak about financial regulatory matters. Most notably, the Peterson Institute for International Economics holds a panel discussion entitled “A Vision of the Future Financial System” that will feature speakers including Agustín Carstens, Head of the Bank for International Settlements), Joachim Nagel, President, Deutsche Bundesbank, Roberto Campos Neto, Head of the Banco Central do Brasil, and Changyong Rhee, Head of the Bank of Korea. We would also point to the multiple events the Institute for International Finance (IIF) will hold in conjunction with the IMF-World Bank meetings.
Congress will be busy this week with a number of hearings. The Senate Banking Committee will hold not one but two hearings, one looking at the housing market and the other focusing on the overall regulation of federal housing programs.
Meanwhile, in the House of Representatives, the House Financial Services Committee will examine the rise of ransomware and its threat to the financial system. They will also hold an oversight hearing on the Consumer Financial Protection Bureau’s financials—all part of a long-running (and growing) level of discord between House Republicans and the CFPB’s overall policy direction, particularly around the regulation of card fees.
The SEC will hold its 43rd annual Small Business Forum, while the CFTC will see a multitude of speeches by commissions, most notably Chair Rostin Benham speaking at ISDA’s 38th Annual Meeting in Tokyo.
Below is a listing of all the other major regulatory-related events this coming week:
U.S. Senate
Tuesday, April 16, 10:00 a.m.: The Senate Banking Committee’s Housing, Transportation, and Community Development Subcommittee will hold a hearing entitled “Challenges in Preserving the U.S. Housing Stock.”
Thursday, April 18, 10:00 a.m.: The Senate Banking Committee will hold an oversight hearing entitled “Oversight of Federal Housing Regulators.”
House of Representatives
Tuesday, April 16, 10:00 a.m. – The House Financial Services Committee’s National Security, Illicit Finance, and International Financial Institutions Subcommittee holds a hearing entitled “Held for Ransom: How Ransomware Endangers Our Financial System.” You can read the Committee Briefing Memorandum HERE.
Tuesday, April 16, 10:15 a.m. – The House Committee on Education & The Workforce’s Subcommittee on Health, Employment, Labor, and Pensions hold a hearing entitled “ERISA’s 50th Anniversary: The Path to Higher Quality, Lower Cost Health Care.”
Tuesday, April 16, 2:00 p.m.: The House Financial Services Committee’s Financial Institutions and Monetary Policy Subcommittee will hold a hearing entitled “Agency Audit: Reviewing CFPB Financial Reporting & Transparency.”
US Regulatory Meetings & Events
Federal Reserve Board and Federal Reserve Banks
Tuesday, April 16, 9:00 a.m. – Federal Reserve Vice Chair Philip N. Jefferson gives a speech entitled “Monetary Policy During Periods of Uncertainty” at the International Research Forum on Monetary Policy, Washington, D.C.
Tuesday, April 16, 1:15 p.m. – Federal Reserve Board Chair Jerome H. Powell participates in a moderated with Tiff Macklem, Governor of the Bank of Canada at the Washington Forum on the Canadian Economy, Washington, D.C.
Wednesday, April 17, 7:15 p.m. – Federal Reserve Governor Michelle W. Bowman participates in a Fireside Chat at the Institute for International Finance (IIF) Global Outlook Forum, Washington, D.C.
Thursday, April 18, 9:05 p.m. – Federal Reserve Board Governor Michelle Bowman gives opening remarks at the 2024 New York Fed Regional and Community Banking Conference (Virtual)
U.S. Treasury Department
There are no significant events scheduled at this time (most of Treasury’s senior team will be fully engaged at the IMF-World Bank meetings all week).
Securities and Exchange Commission
Tuesday, April 16, 1:00 p.m. – The SEC’s 43rd Annual Small Business Forum will be held at the SEC Headquarters in Washington, D.C.
Thursday, April 18, 10:55 a.m.: SEC Commissioner Hester Peirce will attend the Florida Securities Dealers and Advisors 2024 Industry Outreach Program in Tampa, Florida.
Commodities Futures Trading Commission
Monday, April 15, 3:50 p.m. Tokyo Time – CFTC Chairman Rostin Behnam will discuss global regulatory priorities at ISDA’s 38th Annual General Meeting in Tokyo, Japan. A Q&A will follow his remarks.
Wednesday, April 17, 11:05 a.m. Tokyo Time – CFTC Chairman Rostin Behnam will participate in an interview at ISDA’s 38th Annual General Meeting in Tokyo, Japan.
Wednesday, April 17, 3:00 p.m. – CFTC Commissioner Caroline D. Pham will participate in a fireside chat on recent CFTC developments and policy agenda hosted by the D.C. Bar and Steptoe LLP in Washington, D.C.
Thursday, April 18, 2:00 p.m. – CFTC Commissioner Kristin N. Johnson will participate as a lead discussant at the Institute of International Finance’s AI & Data Roundtable. The Roundtable will feature AI leaders, policymakers, and financial service executives for a dialogue about new developments in artificial intelligence, links with data policy, and implications for growth and opportunity.
Thursday, April 18, 2:30 p.m. – CFTC Commissioner Caroline D. Pham will participate in a panel discussion titled Enabling the Next Generation of Financial Markets and Innovation” at the Harvard Law School—Program on International Financial Systems (HLS-PIFS) Symposium on Building the Financial System of the 21st Century: An Agenda for Europe and the United States.
Thursday, April 18, 3:35 p.m. – CFTC Chairman Rostin Behnam will deliver a keynote address at the 2024 Europe-US Symposium in Washington, D.C.
Friday, April 19, 9:00 a.m. – CFTC Commissioner Caroline D. Pham will participate in a Digital Currency Roundtable hosted by the Institute of International Finance in Washington, D.C.
The Federal Accounting Standards Advisory Board (FASB)
Tuesday & Wednesday, April 16 – 17 – FASB holds meeting. The agenda includes Accounting and reporting of government land; Climate-related financial reporting; Commitments; Intangible assets; Leases; Omnibus amendments; Public-private partnerships; Reexamination of existing standards; Omnibus concepts amendments; Management's discussion and analysis; Software technology; Seized and forfeited digital assets; and Appointments panel.
FINRA
There are no significant events scheduled at this time.
Federal Deposit Insurance Corporation
There are no significant events scheduled at this time.
Office of the Comptroller of the Currency
Tuesday, April 16, 8:30 a.m. – The OCC holds its Minority Depository Institutions Advisory Committee Meeting in Washington, D.C.
The Consumer Financial Protection Bureau
There are no significant events scheduled at this time.
National Credit Union Administration
Thursday, April 18, 10:00 a.m. – The National Credit Union Administration holds a board meeting.
Federal Trade Commission & Department of Justice Antitrust Division
There are no significant events scheduled at this time.
Farm Credit Administration
There are no significant events scheduled at this time.
International Monetary Fund & World Bank
Monday – Saturday, April 15 – 20 – The 2024 Spring Meetings of the IMF and World Bank will be held in Washington, D.C.
Trade Associations & Think Tank Events
Trade Associations
Monday – Wednesday, April 15 – 17 – The American Bankers Association and the North Carolina Bankers Association host the American Mortgage Conference in Savannah, Georgia.
Tuesday – Thursday, April 16-18 – ISDA holds its 38th Annual General Meeting in Tokyo, Japan.
Tuesday, April 16, 2:00 p.m. – The Institute for International Finance holds their 13th IIF Cybersecurity Roundtable in Washington, D.C.
Tuesday, April 16, 4:30 p.m. – The U.S. Chamber of Commerce holds a discussion on "Investing in Latin America and Brazil," focusing on "Brazil's tax reform and investment opportunities on ecological transition in Brazil and across Latin America." Brazil’s Finance Minister, Fernando Haddad, and the President of the Inter-American Development Bank, Ilan Goldfajn, will speak.
Thursday, April 18, 9:00 a.m. – The Institute for International Finance holds an event entitled The Shifting Financial Landscape Roundtable in Washington, D.C.
Thursday, April 18, 9:15 a.m. – SIFMA holds the SIFMA Basel III Endgame Roundtable. Featured speakers include Federal Reserve Board Governor Michelle Bowman, former Federal Reserve Vice Chair for Supervision Randy Quarles, and former FDIC Chair Jelena McWilliams.
Thursday, April 18, 1:30 p.m. – The Institute for International Finance holds the 2024 IIF Sustainable Finance Roundtable in Washington, D.C.
Think Tanks and Other Events
Monday, April 15, 12:30 p.m. – The Henry L. Stimson Center holds a virtual discussion, beginning at 12:30 p.m., on "International Financial Architecture Innovation and the Summit of the Future."
Tuesday, April 16, 4:00 p.m. – The Brookings Institution holds an event entitled “Navigating the ‘Mid-Transition’ Period of the Low-Carbon Shift: The Critical Role of Finance Ministries” in Washington, D.C.
Thursday, April 18, 8:30 a.m. – The American Consumer & Investor Institute hosts an event on regulating AI in financial services in Washington, D.C. Speakers include Senator Mike Rounds (R-SD), Representative Warren Davidson (R-OH), former SEC Commissioner Paul Atkins, ACII Executive Director Barbara Comstock and Dalia Blass, former head of the SEC’s investment management division.
Friday, April 19, 9:00 a.m. – The Brookings Institution holds an event entitled “Toward Reimagined Global Financial Architecture: Progress and Challenges”.
Friday, April 19, 9:30 a.m. – The Center for Strategic and International Studies holds a discussion on "The Role of Fast Payment Systems in Addressing Financial Inclusion."
Friday, April 19, 3:00 p.m. – The Peterson Institute for International Economics holds a panel discussion entitled “A Vision of the Future Financial System.” The speakers include Agustín Carstens (Bank for International Settlements), Joachim Nagel (President, Deutsche Bundesbank), Roberto Campos Neto (Banco Central do Brasil), Nandan M. Nilekani (Infosys; UIDAI (Aadhaar)) and Changyong Rhee (Bank of Korea)