Week InAdvance: December 8, 2014

MONDAY | In the Oval Office, President Obama meets with Prince William - on a visit to the World Bank to discuss illegal wildlife trafficking - before an appearance on Comedy Central's "Colbert Report." The SEC's chief accountant, an SEC commissioner, and the PCAOB chair will speak at a conference. House Democrats hold a conference call briefing to discuss TPP negotiations; TPP chief negotiators will be in Washington all week.

TUESDAY | CFTC agricultural advisory committee meets to discuss the agency's proposed position limits, aimed at addressing concerns that prices are being driven up by speculators at the expense of companies holding positions to meet business needs. Agricultural and energy firms are concerned the new rules would limit their ability to hedge risk on a daily basis. The Fed meets on capital surcharges for systemically important bank holding companies.

WEDNESDAY | FDIC holds a meeting to provide advice and recommendations on issues regarding the resolution of systemically important financial institutions under the Dodd-Frank Act. Senate Agriculture Committee hears from the CFTC chief on derivatives rules. Senate Banking Committee plans a hearing on how to enhance coordination to protect the financial sector from cyber attacks. Possible House action on omnibus appropriations package.

THURSDAY | Possible Senate passage of omnibus appropriations package, after which the measure is expected to be sent to the President's desk for his signature before a current funding measure expires at midnight.

ON THE HILL

Tuesday, Dec. 9

Senate Finance Committee | Full committee hearing: "Social Security: Is a Key Foundation of Economic Security Working for Women?" Read more. 

Senate Banking, Housing and Urban Affairs Committee | Senate Banking Subcommittee on Housing, Transportation and Community Development open hearing: "Inequality, Opportunity and the Housing Market." Read more.

Wednesday, Dec. 10

Senate Agriculture, Nutrition and Forestry Committee | Full committee hearing: "The Commodity Futures Trading Commission (CFTC): Effective Enforcement and the Future of Derivatives Regulation." Witness testimony will be given by CFTC Chairman Timothy Massad. Read more.

Senate Banking, Housing and Urban Affairs Committee | Full committee hearing: "Cybersecurity: Enhancing Coordination to Protect the Financial Sector." Scheduled witnesses include Brian Peretti, director of the Treasury's office of critical infrastructure protection and compliance policy; Phyllis Schneck, Homeland Security's deputy undersecretary for cybersecurity and communications, National Protection and Programs Directorate; William Noonan, Secret Service deputy special agent in charge of cyber operations; Joseph Demarest Jr., the FBI's assistant director, cyber division; and Valerie Abend, Office of the Comptroller of the Currency's senior critical infrastructure officer. Read more.

AT THE AGENCIES

Tuesday, Dec 9

Board of Governors of the Federal Reserve System: Open meeting to discuss a proposal to establish risk-based capital surcharges for systemically important bank holding companies. Available via webcast. Read more.

Commodity Futures Trading Commission (CFTC): Open meeting of the Agricultural Advisory Committee ("AAC") to address questions about the agency's proposed restrictions on speculation in energy and agriculture markets. The meeting will focus on "deliverable supplies of agricultural commodities, as they pertain to position limits, and the agricultural economy." Available via webcast and conference call. Read more.

Wednesday, Dec. 10

Federal Deposit Insurance Corporation (FDIC): Open meeting of the Systemic Risk Advisory Committee to provide advice and recommendations on a broad range of issues regarding the resolution of systemically important financial companies pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act. Read more.

OTHER ACTIVITY

Sunday thru Friday, Dec. 7-12

WASHINGTON | Trans-Pacific Partnership Negotiations | The goal of the negotiators from 12 countries is to reach a substantive agreement in February 2015 so the legal scrub and ITC analysis could pave the way for a congressional vote on implementing legislation in the fall of 2015 to avoid the U.S. presidential election cycle that begins in earnest in 2016. Read more.

Monday thru Wednesday, Dec. 8-10

WASHINGTON | 2014 AICPA (American Institute of CPAs) Conference on Current SEC and PCAOB Developments: Updates from SEC, PCAOB, FASB and IASB Leaders. Read more.

Monday, Dec. 8

WASHINGTON | The World Bank: Third biennial meeting of the International Corruption Hunters Alliance, with the theme "Take on Corruption: Ending Impunity: Global Knowledge, Local Impact" featuring Prince William, Duke of Cambridge. Live stream will be available 11am ET. Read more.

WASHINGTON | American Enterprise Institute for Public Policy Research (AEI): Briefing by the Shadow Financial Regulatory Committee. Discussion on "Does the FDIC's (Federal Deposit Insurance corporation) Single Point of Entry Strategy Eliminate Too Big to Fail?" Live stream will be available. Full video will be posted within 24 hours. Read more.

Tuesday, Dec. 9

WASHINGTON | Americans for Financial Reform, the Economic Policy Institute, and the Roosevelt Institute: Discussion on "Managing the Economy: The Federal Reserve, Wall Street, and Main Street" featuring Senator Elizabeth Warren and economist/columnist Paul Krugman. Read more.

WASHINGTON | ECB Executive Board member Peter Praet will speak before the Peterson Institute for International Economics on the current issues in monetary policy that the Euro area most confront. Available via webcast. Read more.

Wednesday & Thursday, Dec. 10-11

SAN FRANCISCO | 2014 FINRA Small Firm Conference: FINRA Chairman and CEO Rick Ketchum is set to give the keynote address. Read more.

Thursday, Dec. 11

NEW YORK | Bank of Canada Governor Stephen Poloz will speak before the Economic Club of New York. Read more.