QUOTE OF THE WEEK | IMF Managing Director Christine Lagarde, speaking ahead of the IMF-World Bank Annual Meetings that take place October 9-11 in Lima, Peru, stated that the world is at a "difficult and complex juncture."

MORTGAGE DISCLOSURE RULE | House action is planned this week on a measure that would delay the Consumer Financial Protection Bureau's enforcement of a Dodd-Frank mortgage disclosure rule until Feb. 1, 2016, under H.R. 3192. The rule was scheduled to take effect on Oct. 3. The bill also would protect lenders from liability for any violations of the rule before Feb. 1 if they have made a good faith effort to comply. The House Financial Services Committee approved the bill 45-13 on July 28.

HOUSING FINANCING | Senators Bob Corker and Mark Warner will get another chance to press their case for comprehensive housing-finance reform when they give keynote remarks Tuesday at a forum on the biggest remaining issue from the mortgage crisis. The lawmakers are set to speak at a conference on efforts to reduce taxpayer exposure to housing-market risk. The event comes weeks after Corker introduced a bill to spur the U.S. to resolve the status of Fannie Mae and Freddie Mac, the dominant mortgage firms that have operated under federal conservatorship since they were seized in 2008.
5 October 2015
Week InAdvance
save the date...
Tuesday, Nov 17
2015 Fall Market Practices in-Person
8:30 am to 1:30 pm ET
Boston, Massachusetts
for details & call-in info...
Matthew Jones
Staff Director
mjones@association.institutionalINVESTORS.org
(202) 712-9050
week in brief
Monday, Oct 5
OECD/G20 international investment forum will take place back-to-back with two days of G20 trade minister meetings in Istanbul. Nobel Prize week starts in Stockholm, Sweden.

Tuesday, Oct 6
The IMF releases its World Economic Outlook.

Wednesday, Oct 7
The IMF releases further research from its Global Financial Stability Report.

Thursday, Oct 7
Fed publishes minutes of September FOMC meeting, when policy makers left interest rates unchanged.

Friday, Oct 9
Annual meetings of the IMF and World Bank in Lima (thru Sunday). Nobel Peace Prize winner announced in Oslo, Norway.
Please see below for details on these and other events this week.
at the agencies
Monday, Oct 5
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
Closed meeting for review and determination of the advance and discount rates to be charged by the Federal Reserve Banks.

FEDERAL RESERVE BANK OF NEW YORK
The New York Fed's Liberty Street Economics blog will publish its second series of blog posts that shed light on the evolving nature of market liquidity. The new collection of blog posts will run through October 9. 

Tuesday, Oct 6
INTERNATIONAL MONETARY FUND
The IMF releases its World Economic Outlook, leading up to the Oct. 9-11 annual meetings of the IMF and World Bank.

Thursday, Oct 8
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
The Fed will publish minutes of its Sept. 16-17 Federal Open Market Committee meeting. 

Thursday, Oct 8
CONSUMER FINANCIAL PROTECTION BUREAU
Meeting of Credit Union Advisory Council to discuss consumer challenges in payments.
  
 
on the hill
Tuesday, Oct 6
HOUSE RULES
Full committee hearing on H.R. 3192, the Homebuyers Assistance Act.

Wednesday, Oct 7
HOUSE WAYS & MEANS
Subcommittee on Oversight hearing on "The Rising Costs of Higher Education and Tax Policy."

Thursday, Oct 8
HOUSE FINANCIAL SERVICES
Full committee hearing on "The Future of Housing in America: 50 Years of HUD and its impact on Federal Housing Policy."

Friday, Oct 9
HOUSE BUDGET COMMITTEE
FY16 budget resolution package will be marked up.
  • Under terms of reconciliation the Committee cannot amend the recommendations from the other three committees: House Ways & Means, Energy & Commerce, and Education and Workforce
  • Recommendations repeal large parts of ObamaCare and defund Planned Parenthood
  • Reconciliation bill can't be filibustered in Senate, setting up Obama veto
HOUSE FINANCIAL SERVICES
Subcommittee on Monetary Policy and Trade hearing on "The Future of Multilateral Development Banks."
across the globe
Monday, Oct 5
BASEL, SWITZERLAND
The International Association of Insurance Supervisors' Capital Development Working Group (CDWG) and Field Testing Working Group (FTWG) will hold a full-day stakeholder dialogue on ComFrame and capital standard development.

ISTANBUL, TURKEY
2015 OECD/G20 Global Forum on International Investment.

PARIS, FRANCE
OECD to present plan to prevent companies from aggressively using foreign subsidiaries to avoid paying taxes. Virtually all governments have agreed in principle to the plan. Report contains 15 main measures from general principles for taxing the digital economy to the redefinition of operating sites, reporting obligations, arbitration courts and disclosure rules.

Monday, Oct 5 -
Tuesday, Oct 6
ISTANBUL, TURKEY
G20 Trade Ministers Meeting.

Tuesday, Oct 6
LIMA, PERU
International Monetary Fund holds press briefing on the World Economic Outlook.

Wednesday Oct 7
LIMA, PERU
The IMF holds a press briefing on Global Financial Stability Report. IMF Managing Director Christine Lagarde and World Bank President Jim Yong Kim participate in a panel on climate change. G-24 members hold news conference.

Thursday, Oct 8
LIMA, PERU
Finance Ministers and Central Bank Governors Dinner. IMF/World Bank discussion on reshaping the financial system for sustainable development. IMF Managing Director Christine Lagarde, and Bank of England Governor Mark Carney participate in discussion on the global economy.

Thursday, Oct 9 -
Friday, Oct 10
LIMA, PERU
The Institute of International Finance's 2015 Annual Membership Meeting.

Friday, Oct 9
LIMA, PERU
G-20 members hold a news conference. IMF/World Bank discussions on combating illicit financial flows, managing the volatility of commodity revenues, and "Today to 2030." International Monetary and Financial Committee members hold a news conference.

Friday, Oct 9-
Saturday, Oct 11
LIMA, PERU
Annual meeting of the World Bank Group and the International Monetary Fund.

Saturday, Oct 11
LIMA, PERU
IMF/World Bank discussion on "Talking Taxes: Working with Developing Countries to Build the Global Agenda." IMF/World Bank forums on monetary policy and financial stability.
other events
Sunday, Oct 4 -
Wednesday, Oct 7
LAS VEGAS, NEVADA
SCCE's 14th Annual Compliance & Ethics Institute. Speakers include Kelly R. Welsh, general counsel of the U.S. Department of Commerce, and Debbie Troklus, managing director of Aegis Compliance and Ethics Center.

Monday, Oct 5 -
Thursday, Oct 8
SAN FRANCISCO, CALIFORNIA
Urvan Land Institute Fall Meeting. Condoleezza Rice - former U.S. Secretary of State; Denning professor in global business and the economy, Stanford Graduate School of Business; and chair of Jeb Bush's Foundation for Excellence in Education - gives keynote speech at the general session on Wednesday.

Tuesday, Oct 6

WASHINGTON DC

Bipartisan Policy Center hosts conference, "Housing Finance Reform: Opportunities and Obstacles of Risk Sharing," with Sens. Bob Corker, R-Tenn., Mark Warner, D-Va.

 

Wednesday, Oct 7
DENVER, COLORADO
Consumer Financial Protection Bureau Event. CFPB Director Richard Cordray will discuss arbitration issues.

Thursday, Oct 8 -
Friday, Oct 9
WASHINGTON DC
FINRA's Advertising Regulation Conference. Topics include advertising rule retrospective, regulatory developments, general brokerage advertising and investment company communications.