May 4, 2015 | Fannie and Freddie will report first-quarter financial results this week in regulatory filings that will keep the debate going over the fate of the government-owned mortgage financiers. The release will follow a week when shares rose on news that encouraged investors seeking to end the U.S. sweep of the companies' profits, while the FHFA warned that a deep recession could leave them needing as much as $157 billion in another bailout.
please join us ...
Tuesday, May 5 | 11am ET
FSB/IOSCO 2nd Consultation 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:
info@association.institutionalINVESTORS.org
the week in brief ...
Monday | President Obama tapes eighth and final appearance on David Letterman's 'Late Show' in New York.
Tuesday | Senate Appropriations Committee panel on financial services holds hearing on proposed SEC, CFTC budget estimates. Sen. Elizabeth Warren (D-MA) speaks at IMF's Institute for New Economic Thinking (INET) conference. A Cinco de Mayo cocktail for you.
Wednesday | IAIS stakeholder meeting in NYC. CFTC Chairman will discuss global derivatives reform in European Parliament committee. Fed's Yellen, IMF's Lagarde, SEC member Kara Stein and CFTC member Sharon Bowen speak on panels at IMF's INET conference. World Economic Forum on Latin America in Mexico.
Thursday | CFTC chair meets in Brussels with EC member responsible for financial services policy. Newly confirmed Attorney General Loretta Lynch makes her debut before a Senate Appropriations subcommittee.
Friday | CFPB research conference on consumer finance in DC.
Please see below for details on these and other events this week.
at the agencies
Monday, May 4
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, FEDERAL DEPOSIT INSURANCE CORPORATION, OFFICE OF THE COMPTROLLER OF THE CURRENCY | Outreach meeting at the Federal Reserve Bank of Boston as part of their regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). Federal Reserve Board Governor Daniel Tarullo speaks at opening session. (9am ET)
Thursday, May 7
SECURITIES AND EXCHANGE COMMISSION | Closed meeting to consider institution and settlement of injunctive actions, institution and settlement of administrative proceedings, adjudicatory matters, and other matters relating to enforcement proceedings. (12pm ET)
on the hill
Senate in session. House in recess.
Tuesday, May 5senate
SENATE APPROPRIATIONS | Subcommittee on Financial Services and General Government hearing on SEC and CFTC budget requests. SEC Chair Mary Jo White and CFTC Chairman Timothy Massad will testify. (10:30 am ET)
around the globe
Monday, May 4
LONDON | European Banking Authority public hearing. Topics include consultation paper on guidelines for sound remuneration policies.
HONG KONG| Hong Kong Monetary Authority Industry briefing. Topics include facilitating authorized institutions' understanding of the supervisory requirements related to prudently managing credit risks in extending loans to the corporate sector.
Wednesday, May 6ECON
BRUSSELS | (Webcast) CFTC Chairman, Timothy Massad, will appear in the European Parliament's Committee on Economic and Monetary Affairs (ECON) for an exchange of views. The discussion will focus on global derivatives reform, in particular the EU equivalence regarding central counterparts (CCPs) and trading platforms, and on benchmarks regulation. Exchange of views will take place at 2:15 - 3:30 pm (Central European Time). 
Wednesday, May 6 - Thursday, May 7
BRUSSELS | 15th annual 'European Business Summit 2015.'
Thursday, May 7
BRUSSELS | The member of the European Commission responsible for financial services policy meets with CFTC Chairman Timothy Massad.
Wednesday, May 6 - Friday, May 8
RIVIERA MAYA, MEXICO | 10th annual 'World Economic Forum on Latin America." Scheduled to attend: Mexican and Colombian presidents, Mexican finance minister, and economist Joseph Stiglitz.
Friday, May 8
LONDON | European Banking Authority public hearing. Topics include financial contracts established by the Bank Recovery and Resolution Directive (BRRD).
other events
Monday, May 4
WASHINGTON DC | In-Person & Online. Heritage Foundation's "What Are Venture Exchanges and How Should They Be Regulated?"
Wednesday, May 6IAIS
NEW YORK CITY | International Association of Insurance Supervisors (IAIS) ComFrame and capital standard development related stakeholder meeting. Continued discussion on the global risk-based Insurance Capital Standard (ICS).
WASHINGTON DCINET | Fed Chair Janet Yellen, IMF Managing Director Christine Lagarde, U.S. Senator Elizabeth Warren, and CFTC Commissioner Sharon Bowen speak at the Institute for New Economic Thinking's 'Finance & Society' conference at IMF headquarters. Kansas Fed President Esther George participates in "Credit Markets: Booms, Busts and Distortions" panel. SEC Commissioner Kara Stein will participate in a panel entitled "Other People's Money: Governance, Integrity and Ethics."
WASHINGTON DC | Brookings Institution's "Shifting risks in the global financial market: The world economy is improving, but is it stable?" with special guest Jose Vinais, financial counsellor and director of the Monetary and Capital Markets Department of the IMF.
Wednesday, May 6 - Friday, May 8
WASHINGTON DC | 57th gathering of the Investment Company Institute's general membership. Speakers include SEC Chair Mary Jo White. Panels on money market fund reforms and global asset management. A globally focused panel will feature David Wright, secretary general of the International Organization of Securities Commissions (IOSCO).
Thursday, May 7
DENVER | 'Annual Financial Reporting Conference.' Featured speakers and panelists include SEC Chair Mary Jo White, James Schnurr (SEC chief accountant), and Andrew Ceresney (SEC director, Division of Enforcement).
NEW YORK CITY | SIFMA's 16th annual Equity Market Structure Conference. NYSE Group President Tom Farley and BATS Global Markets President Chris Concannon will speak. Panel discussions of illiquidity in small and mid-cap stocks, alternative market models, and latest regulatory developments.
Thursday, May 7 - Friday, May 8CFPB
WASHINGTON DC | CFPB 'Research Conference on Consumer Finance.' Includes a call for papers on ways consumers and households make borrowing, saving and financial risk-taking decisions, how credit affects household well-being and the structure of consumer financial markets.
cocktail time
cincodemayoFORT KNOX
Served at The Skylark, NYC
* 1.5 oz. Elijah Craig
* .25 oz. illegal Mescal Reposado
* .25 oz. yellow Chartreuse
* 1 oz. honey syrup
* .75 oz. lemon juice
* Shake and strain over large grilled lemon ice cube
* No garnish
Transparency. Inclusiveness. Consensus.