Global regulators set out their "final tools" this week for ending the phenomenon of "too big to fail" banks, seeking to draw a line under a period of intensive rule making after a financial crisis that tarnished the sector and weighed heavily on taxpayers. Mark Carney, chairman of the Financial Stability Board (FSB), which coordinates regulation across the Group of 20 economies (G20) to plug gaps highlighted by the 2007-09 financial crisis, said many of the key reforms have been implemented decisively and promptly. G20 leaders meeting in Turkey will be asked to endorse a reform that requires the world's 30 top banks to issue a buffer of bonds by 2019 that can be written down to raise funds equivalent to 18 percent of risk-weighted assets, if the lender goes bust. The FSB is still assessing the risks to financial stability from the activities of big asset managers and will publish recommendations "as necessary in the first half of 2016."
9 November 2015
Week InAdvance
save the date...
Wednesday, Nov 18
Mortgage Securitization Council
Telecon
3 - 3:30 pm ET

Thursday, Nov 19
CMBS Council Telecon
3 - 3:30 pm ET

Last Wednesday of Every Month
INVESTORS Membership Telecon
4:30 pm ET
Brief updates from all Council chairs.
All members welcome to listen in.
for details & call-in info...
Matthew Jones
Staff Director
mjones@association.institutionalINVESTORS.org
(202) 712-9050
week in brief
Monday, Nov 9
FSB's Carney presents final TLAC term sheet in Basel. OECD's 7th New World Forum in Paris. 

Tuesday, Nov 10
Heads of the SEC, CFTC and Treasury will all appear at the SIFMA annual capital markets conference in DC.

Wednesday, Nov 11
Government offices closed for Veterans Day. U.S. stock markets will be open, while bond markets will be closed.

Thursday, Nov 12
22nd IAIS annual conference in Marrakech. Cato Institute holds monetary policy conference.

Sunday, Nov 15
Two-day G20 leaders' summit begins in Turkey.
Please see below for details on these and other events this week.
at the agencies
Thursday, Nov 12
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
Federal Reserve Chair Janet Yellen makes welcoming remarks and Fed Vice Chair Stanley Fischer speaks on incorporating financial stability in monetary policy before the "Federal Reserve Conference on Monetary Policy Implementation and Transmission in the Post-Crisis Period."
  
 
on the hill
Senate in session Monday & Tuesday, House not in session

Friday, Nov 13
SENATE HOMELAND SECURITY AND GOVERNMENTAL AFFAIRS
Full committee field hearing at Dreyfus University in Stevens Point, Wisconsin on "The Impact of Federal Regulations: A Case Study of Recently Issued Rules."
across the globe
Monday, Nov 9
BASEL, Switzerland
The Financial Stability Board, led by Bank of England Governor Mark Carney, is set to make public its final "total loss-absorbing capacity," or TLAC, rules for systemically important banks around the world. Carney will also present the FSB's first annual report on the implementation and effects of the G20 financial regulatory reforms, and the FSB's annual resolution progress report. FSB briefing is ahead of Nov. 15/16 summit of G20 leaders in Turkey's Antalya.

Monday, Nov 9 -
Tuesday, Nov 10
PARIS, France
The 7th New World Forum 2015 will be held at the OECD headquarters in Paris. Speakers include OECD Secretary-General Angel Gurria, Former Bank of France Governor Jean-Claude Trichet and German Finance Minister Wolfgang Schauble.

Monday, Nov 9 -
Tuesday, Nov 10
FRANKFURT, Germany
Handelsblatt European Banking Regulation Conference. Speakers include the European Central Bank's Daniele Nouy, Olivier Prato of the Basel Committee, the EBA's Adam Farkas and Elke Konig of the Single Resolution Board.

Wednesday, Nov 11
LONDON, England
The Bank of England holds an all-day Open Forum on the future direction for financial regulation. Speakers include ECB President Mario Draghi and BOE Governor Mark Carney.

Thursday, Nov 12 - 
Friday, Nov 13
MARRAKECH, Morocco
22nd IAIS Annual Conference, sponsored by the Moroccan Insurance Supervisory Authority and the International Association of Insurance Supervisors (IAIS). Participants will compare notes on what role supervisors can play in respect of market development and exchange views on these issues and other topics of relevance.

Friday, Nov 13
BRUSSELS, Belgium
Meeting of Economic and Financial Affairs Council.

2015 G20 EVENTS
ANTALYA, Turkey

Thursday, Nov 12 - 
Sunday, Nov 15
Think-20 Summit (T20)

Friday, Nov 13 -
Saturday, Nov 14
Labour-20 Summit (L20)

Saturday, Nov 14 - 
Sunday, Nov 15
Business-20 Summit (B20)

Sunday, Nov 15 -
Monday, Nov 16
G20 Leaders' Summit



other events
Sunday, Nov 8 -
Tuesday, Nov 10
LOS ANGELES, California
2015 ABA Annual Convention. Speakers included CFPB Director Richard Cordray; Jerry Canning, U.S. head of industry, financial services for Facebook; and Tony Crescenzi, an executive v.p., market strategist and generalist portfolio manager at PIMCO.

Monday, Nov 9
WASHINGTON DC
The Center for Strategic and International Studies (CSIS) hosts a media briefing on President Obama's trip to the G20 Summit in Turkey, the APEC Summit in the Philippines, and the ASEAN Summit in Malaysia.

Monday, Nov 9
PHILADELPHIA, Pennsylvania
Financial Industry Regulatory Authority Institute at Wharton Certified Regulatory and Compliance Professional Program with the MSRB's Michael Post, General Counsel - Regulatory Affairs.

Tuesday, Nov 10
WASHINGTON DC
SIFMA annual meeting. Speakers at the "Capital Markets Conference" include Treasury Secretary Jack Lew, SEC Chair Mary Jo White, and CFTC Chairman Timothy Massad. Reps. David Scott (D-Ga.) and French Hill (R-Ark.), who both sit on the House Financial Services Committee, will also speak on a lawmakers' panel at the event. Scott is also a member of the House Agriculture Committee.

Wednesday, Nov 11
NEW YORK CITY
SEC's Stephanie Avakian, Deputy Director, Division of Enforcement, will give the afternoon keynote at the Practising Law Institute's Broker Dealer Regulation and Enforcement Program.

Wednesday, Nov 11 -
Thursday, Nov 12
SANTA MONICA, California
FINRA's 2015 Small Firm Conference. speakers include Tammy Tam of ACA Compliance Group, and Kosha Dalal and James Wrona from FINRA's Office of General Counsel.

Thursday, Nov 12
NEW YORK CITY
New York Fed President William Dudley at The Economic Club of New York luncheon to discuss "The Economic Outlook and What it Means for Monetary Policy."

Thursday, Nov 12
WASHINGTON DC
Brookings Institution's "Helping America Plan for Retirement." Speakers include CFPB Director Richard Cordray and Social Security Acting Commissioner Carolyn Colvin.

Thursday, Nov 12
NEW YORK CITY
SEC's Stephanie Avakian, Deputy Director, Division of Enforcement, will give remarks on SEC priorities at the SEC and DOJ Hot Topics event.

Thursday, Nov 12
WASHINGTON DC
The Cato Institute's 33rd Annual Monetary Conference: "Rethinking Monetary Policy." Speakers include Claudio Borio, head of the monetary and economic department of the Bank for International Settlements; St. Louis Fed President James Bullard, Richmond Fed President Jeffrey Lacker, and Bank of Mexico Deputy Governor Manuel Sanchez.

Sunday, Nov 15 -
Tuesday, Nov 17
WASHINGTON DC
ABA/ABA Money Laundering Enforcement Conference. Speakers include Michael C. Raffa, head of financial crimes compliance at Santander Bank, Peter J. Neilson, managing director of AML compliance at JPMorgan Chase Bank, and John Riggi, section chief of the FBI's cyber division.