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Dodd-Frank Fix? The Senate Banking Committee will weigh that question as they prepare for Thursday's markup of Chairman Richard Shelby's financial-regulation legislation. His proposal includes changes to the Federal Reserve and exemptions for mid-size banks from Dodd-Frank Act rules enacted to address financial-system risk.
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Monthly Membership Telecon
(4:30 pm ET)
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Mortgage Securitization Council Telecon
(3 pm ET)
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Commercial Mortgage-Backed Securities Council Telecon
(4 pm ET)
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| Treasury Secretary Jack Lew and IMF Managing Director Christine Lagarde speak at the Bretton Woods Committee annual meeting in Washington. FSOC meets in open and closed sessions to discuss the annual report, committee formation, bank holding companies and international developments. House Financial Services panel holds hearing on how financial sector is responding to cyber threats. |
| SEC will consider whether to propose new rules on expanded disclosures of mutual fund holdings and more transparency of investment adviser operations. Minutes from April's Federal Open Market Committee meeting are released. New York Fed hosts mortgage contract conference. |
| Senate Banking Committee plans to mark up a sweeping regulatory bill designed to toughen congressional oversight of the Fed, ease regulatory burdens for mid-size lenders, and overhaul Dodd-Frank rules. |
| DEPARTMENT OF THE TREASURY | The Financial Stability Oversight Council will hold a closed session to hear from regulators on resolution plans for bank-holding companies and to discuss international market developments. The council will also hold an open session to discuss charters for the council's committees and the council's 2015 annual report. The document will cover the council's view of potential risks to the financial system. (2:30 pm ET) |
SECURITIES AND EXCHANGE COMMISSION | Open meeting to consider proposing new rules, forms, and amendments to modernize the reporting and disclosure of information by registered investment companies and whether to propose form and rule amendments to require investment advisers to provide additional information concerning their operations, require the maintenance of performance records, and remove outdated transition provisions from rules. (10am ET)
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| HOUSE SMALL BUSINESS | Subcommittee on Economic Growth, Tax and Capital Access hearing on "Improving Capital Access Programs within the SBA." (10am ET) |
| HOUSE FINANCIAL SERVICES | Subcommittee on Housing and Insurance hearing on "The Future of Housing in America: Oversight of the Rural Housing Service." (10am ET) |
| HOUSE FINANCIAL SERVICES | Subcommittee on Financial Institutions and Consumer Credit hearing on "Protecting Critical Infrastructure: How the Financial Sector Addresses Cyber Threats." SIFMA CEO Ken Bentsen will testify. (1pm ET) |
SENATE BANKING, HOUSING AND URBAN AFFAIRS | Executive session to mark-up original legislation entitled "The Financial Regulatory Improvement Act of 2015." The bill would heighten oversight of the Federal Reserve, ease restrictions on residential mortgages, give regulatory relief to mid-size banks and limit insurance regulators' ability to participate in international standard-setting, among many other provisions. (10am ET)
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| LONDON | European Banking Authority holds two separate hearings: one on additional Tier 1 capital instruments and the other on shadow banking. |
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Thursday, May 21 - Saturday, May 23
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| SINTRA, Portugal | European Central Bank forum on central banking. Speakers include ECB President Mario Draghi and board member Peter Praet, IMF Economic Counsellor Olivier Blanchard, BoE Governor Mark Carney, OECD Chief Economist Catherine Mann and Bank of Japan Governor Haruhiko Kuroda. |
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Sunday, May 17 - Wednesday, May 20
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| MIAMI | FS-ISAC & BITS Annual Summit 2015: Topics include protecting the financial sector's critical infrastructure and individual institutions, and the importance of cybersecurity on the national and world stage and as a maturing risk discipline. |
WASHINGTON DC | Bretton Woods Committee 2015 Annual Meeting at World Bank Headquarters. During its 32nd annual meeting, the committee will discuss global economic growth, development, and financial stability. Confirmed speakers include Christine Lagarde, Managing Director, IMF; Jacob J. Lew, Secretary, Department of the Treasury; Sri Mulyani Indrawati, Managing Director and COO, World Bank; and George Soros, Chairman, Soros Fund Management.
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| WASHINGTON DC | Bipartisan Policy Center discussion "Coordination or Chaos? Key Issues in Global Insurance Regulation: Speakers include Sven Gentner, counselor of the delegation of the European Union to the U.S., and Roy Woodall Jr., independent member with insurance expertise of the Financial Stability Oversight Council. |
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Wednesday, May 20 - Thursday, May 21
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| NEW YORK | Federal Reserve Bank of New York hosts "Mortgage Contract Design: Implications for Households, Monetary Policy, and Financial Stability" conference. On Thursday, U.S. Treasury Assistant Secretary for Economic Policy Karen Dynan participates in "Panel C: Implications for Monetary Policy and Financial Stability." |
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