U.S. Financial Regulatory Week Ahead

Bonus Week! You Get Your Five Minutes (or more like 4 ½ minutes) Back Again…

August 19 - 23, 2024

Last week we gave you back the five minutes you normally spend reading this report because nothing was going on.  Looking at the financial regulatory week ahead, you get another (or most of) your five minutes back again!  But there are three quick exceptions to this other quiet week we want to flag for you, which are:

1)    the Democratic National Convention is being held this week in Chicago. While we do not expect any specific policy discussions on financial regulation (this is a political convention, after all), there will almost assuredly be shots taken at Wall Street and big banks, the need for caps on rental properties, etc.

2)    The Federal Reserve is back from vacation. There are two Fed governors’ speeches this week – including one by Fed Vice Chair for Supervision Michael Barr on cybersecurity – and then the commencement of the annual Jackson Hole Economic Symposium later in the week (and Fed Chair Jay Powell is scheduled to give an economic outlook speech).  The annual gathering of the world’s central bankers, situated in the midst of the gloriously beautiful Colorado Rockies, is almost always solely focused on monetary policy, but every now and then, financial regulatory issues pop up.

3)    The Securities and Exchange Commission is holding an Open Meeting on August 20th to approve new rules adopted by the Public Company Accounting Oversight Board (PCAOB).

That’s it.  The links to the Fed speeches and SEC Open meeting are below.  Now go back to enjoying your summer vacation!

U.S. Congressional Hearings

U.S. Senate

• The Senate is out of session for the month of August and returns to work on September 9.

House of Representatives

• The House is out of session for the month of August and returns to work on September 9.

US Regulatory Meetings & Events

Federal Reserve Board and Federal Reserve Banks

• Monday, August 19, 9:15 a.m. – Federal Reserve Board Governor Christopher J. Waller gives welcoming remarks at the 2024 Summer Workshop on Money, Banking, Payments, and Finance which is hosted by the Federal Reserve Board in Washington, D.C.

• Tuesday, August 20, 2:45 p.m. – Federal Reserve Board Vice Chair for Supervision Michael S. Barr participates in a discussion on cybersecurity a the Joint Financial and Banking Information Infrastructure Committee-Financial Services Sector Coordinating Council Meeting being held in Washington, D.C.

• Thursday – Saturday, August 22 – 24:  The Federal Reserve Bank of Kansas City hosts the Jackson Hole Policy Symposium in Jackson Hole, Wyoming.   This year’s theme is “Reassessing the Effectiveness and Transmission of Monetary Policy.” 

• Friday, August 23, 10:00 a.m. EST – Federal Reserve Board Chair Jay Powell will give a speech on the Economic Outlook at the Federal Reserve Bank of Kansas City’s Jackson Hole Policy Symposium in Jackson Hole, Wyoming.

U.S. Treasury Department

• There are no significant events scheduled at this time.

Department of Commerce

• There are no significant events scheduled at this time.

Securities and Exchange Commission

• Tuesday, August 20, 10:00 a.m. – The SEC is holding an Open Meeting on August 20th to approve new rules adopted by the Public Company Accounting Oversight Board (PCAOB).

• Thursday, August 22, 2:00 p.m. – The SEC holds a Closed Meeting.

Commodities Futures Trading Commission

• There are no significant events scheduled at this time.

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

• There are no significant events scheduled at this time.

The Consumer Financial Protection Bureau

• There are no significant events scheduled at this time.

National Credit Union Administration

• There are no significant events scheduled at this time.

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

• There are no significant events scheduled at this time.

North American Securities Administrators Association

• There are no significant events scheduled at this time.

Trade Associations & Think Tank Events 

Trade Associations

• There are no significant events scheduled at this time.

Think Tanks and Other Events

• There are no significant events scheduled at this time.

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