June 22, 2015 | The CFPB will face another round of House scrutiny on Thursday when a Financial Services subcommittee holds a hearing on allegations of discrimination and retaliation against agency employees. The Oversight and Investigations panel said last week it will hear testimony from two whistleblowers after reports that worker complaints against the agency have soared since lawmakers began looking into the claims in April 2014.
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Please join us...
Wednesday, June 24
Monthly Membership Call
(4:30 pm - 5:00 pm)
Hear updates from all INVESTORS council chairs.
For details & call-in number:
The Week in Brief
Monday, Jun 22
IOSCO Chairman at the National Press Club.
Tuesday, Jun 23
Labor Secretary Thomas Perez speaks at Brookings event on financial well-being in retirement. Senate Budget Committee hearing on cost of regulations.
Wednesday, Jun 24
High-level OECD event in Paris for release of new flagship publication that looks at the way in which companies, banks, institutional investors and shadow banking entities are operating in the low growth and low interest rate environment. National Journal forum on cybersecurity at Newseum.
Thursday, Jun 25
2015 IIF Europe Summit begins in Frankfurt. House Small Business subcommittee hearing on GSA's transactional data rule. House panel revisits CFPB bias allegations.
Friday, Jun 26
City of London conference for major banks, asset managers, and businesses.
Please see below for details on these and other events.
At the Agencies
Thursday, Jun 25
SECURITIES AND EXCHANGE COMMISSION | Closed meeting to consider institution and settlement of injunctive actions, institution and settlement of administrative proceedings, resolution of litigation claims, and other matter relating to enforcement proceedings. (2pm ET)
On the Hill
Tuesday, Jun 23
SENATE APPROPRIATIONS | Subcommittee on Transportation, Housing and Urban Development, and Related Agencies markup of the 2016 T-HUD Appropriations Bill. (10am ET)
SENATE APPROPRIATIONS | Subcommittee on Financial Services and General Government hearing on information technology spending and data security at the Office of Personnel Management. OPM Director Katherine Archuleta will testify on information technology spending after the data breach. (10:30 am ET)
SENATE BANKING, HOUSING AND URBAN AFFAIRS | Full committee briefing on "Review of the National Flood Insurance Program." (10am ET)
SENATE HOMELAND SECURITY AND GOVERNMENTAL AFFAIRS and SENATE BUDGET | Joint hearing on "Accounting for the True Cost of Regulation: Exploring the Possibility of a Regulatory Budget." (10am ET)
Wednesday, Jun 24
SENATE BANKING, HOUSING AND URBAN AFFAIRS | Full committee hearing on "Assessing and Improving Flood Insurance Management and Accountability in the Wake of Superstorm Sandy." (10am ET)

HOUSE FINANCIAL SERVICES | Full committee hearing on "Task Force to Investigate Terrorism Financing: Evaluating the Security of the U.S. Financial Sector" on terrorist groups using the U.S. financial system to raise and launder money. (2pm ET)
Thursday, Jun 25
SENATE FINANCE | Full committee hearing on "Unlocking the Private Sector: State Innovations in Financing Transportation Infrastructure" to examine financing options for cash strapped highway trust fund. (10am ET)

HOUSE FINANCIAL SERVICES | Subcommittee on Oversight and Investigations hearing on "Examining Continuing Allegations of Discrimination and Retaliation at the Consumer Financial Protection Bureau." (10am ET)


HOUSE SMALL BUSINESS | Subcommittee on Contracting and Workforce hearing on "GSA Proposed Rule on Transactional Data Rule and its Effect on Small Businesses." (10am ET)
Around the Globe
Wednesday, Jun 24
PARIS | Launch of the Organization for Economic Cooperation and Development (OECD) Business and Finance Outlook, data and analysis on issues that may affect the future of business, finance and investment; how companies, banks, institutional investors and shadow banking intermediaries are operating in the low growth and low interest rate environment and the build-up of risks in the financial system; the "promises" of growth, employment, and retirement income seen to be at risk in the absence of policy actions; and trends and forecasts on issues such as SME financing, pensions, insurance, corporate governance, competition and investment (including foreign direct investment).
Thursday, Jun 25 - Friday, Jun 26
FRANKFURT | The 2015 Institute of International Finance Europe Summit at the Palais Frankfurt. Speakers include Dr. Wolfgang Schauble, German minister of finance; Gabriel Bernadino, chairman of EIOPA; Jeroen Dijsselbloem, president of Eurogroup; Sabine Lautenschlager and Peter Praet, ECB executive board members; and Dave Ramsden, chief economic advisor of the U.K. Treasury.
LONDON | The Annual DFI/IFI Working Group Meeting on SME finance among development finance institutions (DFI) and international finance institutions (IFI). The meeting - co-hosted by the European Bank for Reconstruction and Development and the SME Finance Forum - also provides a platform for other stakeholders in SME finance, including SME Finance Subgroup of the Global Partnership for Financial Inclusion (GPFI) and regulators. 
Friday, Jun 26
LONDON | "The Conference on Inclusive Capitalism: the Pathway to Action" hosted by the City of London corporation. Organized by Lynn Forester de Rothschild, chief executive of the E L Rothschild family investment vehicle. Prince Charles, former U.S. President Bill Clinton, Bank of England governor Mark Carney, International Monetary Fund managing director Christine Lagarde and former U.S. treasury secretary Larry Summers will gather in London with 250 delegates from 37 countries and 35 business sectors, representing assets under management of about $30 trillion - roughtly one third of the world's investable income.
Other Events
Monday, Jun 22
WASHINGTON DC | National Press Club Newsmaker Program's news conference "IOSCO Chairman: Regulators Were Wrong" with IOSCO Chairman Greg Medcraft speaking about how global policy makers have taken the wrong approach to overseeing large funds and asset managers in an effort to ensure financial stability and prevent another global financial crisis. (10am ET)
Monday, Jun 22 - Wednesday, Jun 24
WASHINGTON DC | Several senior Commodity Futures Trading Commission staff will take part in the 37th Annual Futures Industry Association's Law and Compliance Conference. The conference, which is off the record, was postponed in April due to the unrest in Baltimore. CFTR participants include Enforcement Director Altan Goelman; Phyllis Dietz, acting director of the Office of International Affairs; general counsel Jonathan Marcus; Vincent McGonagle, director of the Division of Market Oversight; and Tom Smith, interim director and chief accountant of the Division of Swap Dealer & Intermediary Oversight.
Tuesday, Jun 23
WASHINGTON DC | Brookings Institution's "Promoting Financial Well-Being in Retirement" with speaker Labor Secretary Thomas Perez. (1:30 pm ET)
Wednesday, Jun 24
NEW YORK CITY | SIFMA & ASIFMA's "The Globalization of China's Markets: RMB Internationalization and Stock Connect." 

WASHINGTON DC | Newseum's "Cybersecurity: Managing the Risks of the Digital Frontier" with Deputy Treasury Secretary Sarah Bloom Raskin. 
Thursday, Jun 25
CHICAGO | SEC Chair Mary Jo White will give the opening address at the Society of Corporate Secretaries and Governance Professionals' national conference. Keith Higgins, director of the SEC's Division of Corporation Finance, will participate on a panel focusing on developments at the agency. 

NEW YORK CITY | Stephanie Avakian, the SEC's deputy director of enforcement will participate in the "regulators roundtable" at the Practicing Law Institute's Internal Investigations Program.

WASHINGTON DC | The D.C. Bar's "SEC Staff Discuss Proposed Cross-Border Derivatives Rules" at Squire Patton Boggs. (12pm ET)