The U.S. Department of Labor is scheduled to hold four days of hearings this week about a proposal to impose stricter standards on brokers who handle retirement accounts. Labor Secretary Thomas Perez told a Senate panel last month that his agency is considering industry feedback but insisted that current rules, largely enforced by the Securities and Exchange Commission, don't safeguard investors from high fees and greedy brokers. Large banks as well as mutual fund companies, independent brokers and insurers have opposed the proposal. They've said costlier regulations could take away investment options and limit access to advice for smaller investors. SEC Chair Mary Jo White said in March the agency would craft its own fiduciary standard rule, but has yet to reveal any proposal.
10 Aug 2015
Week InAdvance
Please join us...
WEDNESDAY, AUG 12
3-3:30 pm ET
Systemic Risk Telecon

For details & call-in info:
info@association.institutionalINVESTORS.org
week in brief
MONDAY, AUG 10
Labor Department kicks off four days of fiduciary rule hearings. Treasury reviews Nancy Reagan gold coin designs.

TUESDAY, AUG 11
Mortgage modification discussion at the Urban Institute,

SATURDAY, AUG 15
People around the world will commemorate the 70th anniversary of Japan's surrender in World War II.
at the agencies
Teleconference meeting of the Citizens Coinage Advisory Committee to review candidate designs for the First Spouse Gold Coin honoring Nancy Reagan.

MONDAY, AUG 10 -
THURSDAY, AUG 13
DEPARTMENT OF LABOR
Labor Department (DOL); Employee Benefits Security Administration (F.R. Page 34869) holds public hearings to consider issues attendant to adopting a regulation concerning its proposed conflict of interest rule that would define who is a "fiduciary" of an employee benefit plan under the Employee Retirement Income Security Act of 1974 (ERISA) as a result of giving investment advice to a plan or its participants or beneficiaries. Officials from AFL-CIO, AARP, Financial Services Roundtable, Raymond James, SIFMA, Chamber of Commerce, Fidelity Investments, TIAA-CREF, American Bankers Association and Amerprise Financial. Includes 25 panels of financial industry reps, public interest groups and others.
on the hill
Lawmakers return to Capitol Hill on September 8th.
around the globe
TUESDAY, AUG 11
LONDON England
U.K. Financial Conduct Authority event on regulatory barriers to innovation in digital and mobile solutions. Event is aimed at the retail investment advice and asset management sector, mobile network providers and technology devices industry and insurance brokers and providers.
other events
TUESDAY, AUG 11
WASHINGTON DC
The Urban Institute's Housing Finance Policy Center holds a "Date Talk Series" discussion on "Mortgage Modifications Using Principal Reduction: How Effective Are They?"