July 20, 2015 | Eight of the biggest U.S. banks will get the answer to a multi-billion-dollar question today when the Fed adopts final rules for its plan to impose an additional capital demand. Bankers hope the central bank addresses how they'll be compared to the rest of the global industry as the strength of the dollar fluctuates, because the capital demand for each firm depends on its relationship with other companies. The Fed said the requirement won't go into effect for a few years.  
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Please join us ...
Thursday, Jul 23
CMBS Telecon (4 - 4:30 pm ET)
Wednesday, Jul 29
Monthly INVESTORS Membership Telecon (4:30 - 5:00 pm ET)
Updates from all INVESTORS Council chairs.
For details & call-in number:
info@Association.InstitutionalINVESTORS.org
The Week in Brief
Monday, Jul 20
Fed holds open meeting to discuss final rulemaking for SIFI surcharges and GE capital. Treasury Sec. Jack Lew, former Sen. Chris Dodd and former Rep. Barney Frank appear together to assess status of financial regulatory changes.
Tuesday, Jul 21
Provisions of the Volcker Rule take effect. Subcommittee of Senate Health, Education, Labor and Pensions Committee holds hearing on DOL's fiduciary duty rule.
Wednesday, Jul 22
Senate Banking subcommittee hearing on oversight of FSOC designation process with Patrick Pinschmidt, deputy assistant Treasury secretary. House Financial Services Subcommittee hearing on Fed reform proposals.
Thursday, Jul 23
OFR's Financial Research Advisory Committee meets. CFTC Chairman Tim Massad speaks to the D.C. Bar about the latest developments in derivatives regulation. Senate Banking hearing on systemic importance of bank holding companies. House Financial Services TBTF hearing on role of capital and liquidity.
Friday, Jul 24
UN to release climate accord draft. Talks on 12-nation TPP open in Maui, Hawaii in an effort to reach final agreement.
Please see below for details on these and other events.
At the Agencies
Monday, Jul 20
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM | Open meeting to discuss a final order to set enhanced prudential standards for the regulation and supervision of GE Capital and a final rule on risk-based capital surcharges for systemically important bank holding companies.
Tuesday, Jul 21
NATIONAL CREDIT UNION ADMINISTRATION | Webinar to discuss common compliance violations and best practices for avoiding such violations.
Thursday, Jul 23
DEPARTMENT OF THE TREASURY | Open meeting, via live webcast, of the Office of Financial Research's Financial Research Advisory Committee to discuss stress testing, data collection, data sharing, and analyzing operational risks.
On the Hill
Tuesday, Jul 21
SENATE FINANCE | Full committee markup of legislation to extend certain expired tax provisions.

SENATE HEALTH, EDUCATION, LABOR & PENSIONS | Subcommittee on Employment and Workplace Safety hearing on "Restricting Advice and Education: DOL's Unworkable Investment Proposal for American Families and Retirees."

Wednesday, Jul 22
SENATE BANKING, HOUSING AND URBAN AFFAIRS | Subcommittee on Securities, Insurance, and Investment hearing on "Oversight of the Financial Stability Oversight Council Designation Process." Treasury's Deputy Assistant Secretary Patrick Pinschmidt to testify.

HOUSE FINANCIAL SERVICES | Subcommittee on Monetary Policy and Trade hearing on "Examining Federal Reserve Reform Proposals."

Thursday, Jul 23
SENATE BANKING, HOUSING AND URBAN AFFAIRS | Full committee hearing on "Measuring the Systemic Importance of U.S. Bank Holding Companies."

SENATE JUDICIARY | The Constitution Subcommittee hearing on "The Administrative State v. The Constitution: Dodd-Frank at Five Years."

HOUSE FINANCIAL SERVICES | Full committee hearing on "Ending Too Big to Fail: What is the Proper Role of Capital and Liquidity?"
Friday, Jul 24
HOUSE FINANCIAL SERVICES | Subcommittee on Financial Institutions and Consumer Credit hearing on "National Credit Union Administration Operations and Budget."
Around the Globe
Monday, Jul 20 - Friday Jul 24
BONN Germany | 85th meeting of the United Nations Clean Development Mechanism Executive Board (CDM-EB) at the UN Campus. On Friday, the UN will release the draft of a climate accord due to be agreed upon in December.
Wednesday, Jul 22
LONDON | U.K. Financial Conduct Authority Annual Public Meeting 2015. Topics include securing an appropriate degree of protection for consumers, protecting and enhancing the integrity of the U.K. financial system, and promoting effective competition.
Friday, Jul 24 - Monday, Jul 27
MAUI | Chief negotiators for the 12-nation Trans-Pacific Partnership trade pact meet in an effort to advance the talks.
Other Events
Monday, Jul 20
CONFERENCE CALL | U.S. Chamber of Commerce conference call briefing to provide an overview and analysis on comments the USCC will submit regarding the Labor Department's fiduciary rule.
WASHINGTON DC | Better Markets event marking the fifth anniversary of the Dodd-Frank Wall Street reform law. Treasury Secretary Jacob Lew to deliver the keynote address. The event will feature a discussion with the 2010 financial-overhaul law's architects, former Senator Chris Dodd and former Representative Barney Frank.
Thursday, Jul 23
WASHINGTON DC | CFTC Chairman Timothy Massad discusses regulatory developments at a luncheon sponsored by Derivatives, Securitization and Project Finance Committee of the D.C. Bar's Corporation, Finance and Securities Law Section.