Week inAdvance

Monday | Jul 24, 2023

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Mon Jul 24 Taiwan holds annual Han Kuang military drills. | Wed Jul 26 CFTC derivatives clearing rule. SEC cyber rule. MSRB board meeting Fed policy decision. | Thu Jul 27 Fed Basel III meeting. White House visit by Italy’s prime minister. US GDP. ECB policy decision. | Fri Jul 28 FSOC meets. G20 sustainability meeting. BOJ policy decision.


All times are Eastern and subject to change.

save the date

Thursday, Aug 10

INVESTORS market practices industry update

10:30 - 11 am ET


Come when you can. Leave when you have to. Take your calls.

at the agencies

Wednesday, Jul 26

COMMODITY FUTURES TRADING COMMISSION

The Commission will consider the following:

  • Final rule: Reporting and information requirements for derivatives clearing organizations
  • Proposed rule: Swap confirmation requirements for swap execution facilities
  • Proposed rule: Amendments to provisions common to registered entities
  • Proposed rule: Amendments to margin requirements for uncleared swaps for swap dealers and major swap participants (seeded funds and money market funds)


Wednesday, Jul 26

FEDERAL RESERVE

Federal Open Market Committee (FOMC) officials are widely expected to resume rate increases after they paused their 15-month tightening campaign in June. Fed Chair Jerome Powell holds a news conference after the meeting.


Wednesday, Jul 26

SECURITIES AND EXCHANGE COMMISSION

Meeting to consider:

  • Whether to adopt rules to enhance and standardize disclosures regarding cybersecurity risk management, strategy, governance, and incidents by public companies that are subject to the reporting requirements of the Securities Exchange Act of 1934
  • Whether to propose new and amended rules under the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940 relating to conflicts of interest associated with broker-dealers’ and investment advisers’ use of predictive data analytics in connection with certain investor interactions
  • Whether to propose amendments to the exemption for internet advisers from the prohibition against registration under the Investment Advisers Act of 1940


Wednesday, Jul 26 -

Thursday, Jul 27

MUNICIPAL SECURITIES RULEMAKING BOARD

The MSRB board of directors will meet to discuss market regulation, market transparency, and market structure and data. The board will also discuss proposed amendments to MSRB Rule G-14 to shorten the timeframe for trades to be reported to the MSRB from 15 minutes to as soon as practicable, but no later than one minute, subject to certain exceptions. Read more.


Thursday, Jul 27

FEDERAL RESERVE

The US Federal Reserve will consider proposed rules to implement the Basel III endgame agreement for large banks and adjustments to the surcharge for US global systemically important banks.


Thursday, Jul 27

BUREAU OF ECONOMIC ANALYSIS

US second-quarter GDP. Economists anticipate a 1.8% annual growth rate following the 2% pace in 1Q.


Friday, Jul 28

FINANCIAL STABILITY OVERSIGHT COUNCIL

The US Treasury’s FSOC meeting will include an executive session, with agenda items including an update on the work of the council’s Nonbank Mortgage Servicing Task Force and an update on developments in the banking sector. The preliminary agenda for the meeting’s public session includes an update on the council’s Climate-related Financial Risk Committee and an update on the transition from Libor.

on the hill

Wednesday, Jul 26

SENATE BANKING, HOUSING, AND URBAN AFFAIRS

Subcommittee On Financial Institutions And Consumer Protection Hearing: "Taking Account of Fees and Tactics Impacting Americans' Wallets.


Thursday, Jul 27

HOUSE COMMITTEE ON WAYS AND MEANS

Subcommittee on Oversight hearing: "The Employee Retention Tax Credit Experience: Confusion, Delays, and Fraud."

across the globe

Monday, Jul 24

RIYADH, Saudi Arabia

OECD Middle East North Africa Competition Forum to further develop the competition dialogue in the Arab region.


Thursday, Jul 27

VIRTUAL

PRI webinar: Proxy season 2023: key takeaways and looking ahead.


Thursday, Jul 27

FRANKFURT, Germany

The European Central Bank is expected to reach its borrowing-rate peak in September, with another quarter-point move at the July meeting, as it keeps up the fight against inflation. ECB President Christine Lagarde holds a news conference after the decision.


Wednesday, Jul 26 -

Friday, Jul 28

SALZBURG, Austria

The Salzburg Summit will focus on the economic and technological transformation that is crucial to unlocking Europe’s potential.


Thursday, Jul 27 -

Friday, Jul 28

MOSCOW, Russia

Russia hosts African heads of state for a summit as President Vladimir Putin seeks to show he isn’t isolated internationally despite ending a key grain deal.


Friday, Jul 28

CHENNAI, India

G20 Environment and Climate Sustainability Ministers meeting.


Friday, Jul 28

TOKYO, Japan

Governor Kazuo Ueda presides over the Bank of Japan's policy meeting. The BOJ will also publish its latest economic outlook, which is expected to raise inflation forecasts for FY23.

other events

Thursday, Jul 27

WASHINGTON DC

Italian Prime Minister Giorgia Meloni meets with President Joe Biden at the White House, where they’re expected to discuss the situation in Ukraine.

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