April 27, 2015 | Top financial regulators and U.S. lawmakers will cross paths with an army of small-town lenders this week as members of the Independent Community Bankers of America come to town to lobby Congress for regulatory breaks Tuesday through Thursday. The bankers will be addressed by regulators, including chiefs of the FDIC, the OCC, the CFPB, and the FHFA. They will also hear from the regulator some view as the "alpha dog" on banking issues, Fed Governor Daniel Tarullo.
please join us ...
Wednesday, Apr. 29 | 11:30am
Special INVESTORS Cyber Security Council Telecon

INVESTORS' COUNCILS | Commercial Mortgage-Backed Securities | Cyber Security | Derivatives | Government Affairs | Market Practices | Mortgage Securitization | Systemic Risk | Tax Policy | Trading Executives

For details & call-in information:
the week in brief ...
Tuesday | FSOC, Fed & Treasury testify at Senate Banking hearing. FOMC begins a two-day meeting.
Wednesday | SEC to consider rule proposals on pay for performance and security-based swap transactions for non-U.S. parties. House Financial Services subcommittees hearings on the impact of international insurance regulations; capital formation legislation, including bills on registration exemptions, derivatives information-sharing and SEC fees. House Education and the Workforce subcommittee hearing on multiemployer pension system reforms. FOMC interest rate announcement.
Thursday | Senate Banking subcommittee hearing on the role of insurance capital standards in managing systemic risks.
Friday | Prepare to muddle your mint for tomorrow's 141st running of the Kentucky Derby. Check out our Mint Julep recipe at the end of this newsletter. Cheers!!
Please see below for details on these and other events this week.
at the agencies
Monday, Apr. 27
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM | Closed meeting to consider review and determination of the advance and discount rates to be charged by the Federal Reserve Banks. (12pm ET)
Tuesday, Apr. 28
FEDERAL OPEN MARKET COMMITTEE | Day one of a two-day meeting with markets and investors awaiting clues on the timing of any increase in the Fed's benchmark interest rate. (9am ET)
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM | Closed meeting to discuss medium-term monetary issues. (1pm ET)
Wednesday, Apr. 29
SECURITIES AND EXCHANGE COMMISSION | Open meeting to consider whether to re-propose governing oversight of cross-border swaps. The SEC will also consider a proposal to require firms to disclose the relationship between executive pay and company performance. Commission will vote to re-propose rule governing when U.S. rules apply to swaps that are partially arranged in the U.S. but held by foreign banks or overseas entities. SEC also to vote on proposed rule defining how companies show comparison of total executive pay to company stock performance in annual proxy statement. (10am ET)
FEDERAL OPEN MARKET COMMITTEE | Decision on U.S. monetary policy on the second day of its Washington meeting. Policy makers said in their last statement on March 18 that a rate increase at this meeting "remains unlikely."(2pm ET)
on the hill
Tuesday, Apr. 28
SENATE BANKING, HOUSING AND URBAN AFFAIRS | Full committee hearing on "The State of the Insurance Industry and Insurance Regulation." Witness testimony from Financial Stability Oversight Council, Federal Reserve, and Treasury Department. (10am ET)
SENATE HOMELAND SECURITY AND GOVERNMENTAL AFFAIRS | Full committee hearing on ""Examining the Proper Role of Judicial Review in the Federal Regulatory Process." (10am ET)
Wednesday, Apr. 29
SENATE BANKING, HOUSING AND URBAN AFFAIRS | Subcommittee on Housing, Transportation, and Community Development hearing on "Exploring Opportunities for Private Investment in Public Infrastructure." (9:30 am ET)
HOUSE EDUCATION AND THE WORKFORCE | Subcommittee on Health, Employment, Labor, and Pensions hearing on "Examining Reforms to Modernize the Multiemployer Pension System." (2pm ET)
HOUSE FINANCIAL SERVICES | Subcommittee on Housing and Insurance hearing on "The Impact of International Regulatory Standards on the Competitiveness of U.S. Insurers." (10am ET)
HOUSE FINANCIAL SERVICES | Subcommittee on Capital Markets and Government Sponsored Enterprises hearing on "Legislative Proposals to Enhance Capital Formation and Reduce Regulatory Burdens. (2pm ET)
Thursday, Apr. 30
SENATE BANKING, HOUSING AND URBAN AFFAIRS | Subcommittee on Securities, Insurance and Investment hearing on "Examining Insurance Capital Rules and FSOC Process." Witnesses are Robert Falzon, executive vice president and CFO of Prudential Fiancial, and Kurt Bock, CEO of Country Financial. (10am ET)
HOUSE FINANCIAL SERVICES & HOUSE OVERSIGHT AND GOVERNMENT REFORM | House Financial Services Subcommittee on Monetary Policy and Trade and House Oversight Subcommittee on Healthcare, Benefits and Administrative Rules joint hearing on "Examining the Export-Import Bank's Mandates." (1pm ET)
around the globe
Monday, Apr. 27
BRUSSELS | Joint conference of the European Commission and European Central Bank: "European Financial Integration and Stability."
Tuesday, Apr. 28 & Wednesday, Apr. 29
SYDNEY | Financial Review Banking & Wealth Summit. Themes include risk and competition, innovation in banking, the viability of the superannuation system, and the challenge of restoring trust in the financial services sector.
other events
Tuesday, Apr. 28
WASHINGTON DC | National Journal holds a policy forum on "The Future of Financial Services and Insurance: Risk and Regulation at Home and Abroad." (1:30 pm ET)
Wednesday, Apr. 29
WASHINGTON DC | Brooking Institution's "Examining the Role of Capital Markets in the Economy." Speakers include SEC Associate Director of Analytics and Research Gregg Berman. (8:30 am ET)
Wednesday, Apr. 29 & Thursday, Apr. 30
WASHINGTON DC | The Independent Community Bankers of America holds its "Washington Policy Summit." U.S. Senator Richard Shelby, chairman of the Senate Banking Committee is scheduled to speak on Wednesday. Fed Governor Daniel Tarullo, FDIC Chairman Martin Gruenberg, Comptroller of the Currency Thomas Curry, and CFPB Director Richard Cordray are scheduled to participate on Thursday.
Thursday, Apr. 30 - Friday, May 1
CHICAGO | 35th Annual Ray Garrett Jr. Corporate & Securities Law Institute. SEC Chair Mary Jo White will give keynote remarks on Thursday. The SEC's director of the Division of Corporation Finance will participate in a "Conversation with the Director." The SEC's deputy director of the Division of Corporation Finance will participate in a panel focusing on disclosure and capital raising.

Ingredients | 1 teaspoon powdered sugar, 2 oz. Bourbon whiskey, 2 teaspoons water, 4 mint leaves

Preparation | In a highball glass, gently muddle the mint, sugar and water. Fill the glass with cracked ice, add Bourbon and stir until the glass is well frosted. Garnish with a mint sprig.
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