Week inAdvance
Monday | Sep 6, 2021
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Mon Sep 6 Labor Day holiday in the U.S. and Canada. Markets will be closed. | Wed Sep 8 Fed Beige Book, job openings. | Thu Sep 9 FSOC meets on climate and commercial real estate. SEC investor advisory panel meets. | Fri Sep 10 Renter protection in the House. | Sat Sep 11 Anniversary of 9/11 terrorist attacks.
U.S. President Joe Biden will likely make his choice this week on whether to renominate Fed Chair Jerome Powell to a second term. Powell has Treasury Secretary Janet Yellen’s endorsement but faces criticism from vocal House progressives.
All times are Eastern and subject to change.
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Thursday, Sep 9
INVESTORS market practices industry update
10:30 - 11 am
Come when you can. Leave when you have to. Take your calls.
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Monday, Sep 6
U.S. Federal emergency unemployment benefits of $300 per week, and other aid, expire today. About half of U.S. states have already halted the payments, saying the cash disincentivized Americans from looking for work.
Thursday, Sep 9
FINANCIAL STABILITY OVERSIGHT COUNCIL
Executive virtual meeting. The preliminary agenda includes the proposed FSOC report to be issued under the Executive Order on Climate-Related Financial Risk, commercial real estate, FSOC's 2021 annual report, and FSOC's fiscal year 2022 budget.
Thursday, Sep 9
SECURITIES AND EXCHANGE COMMISSION
At a virtual meeting, the SEC's Investor Advisory Committee is expected to prod the agency to ensure that SPAC sponsors more clearly describe their roles and financial interests to investors. The push to boost disclosures for special purpose acquisition companies will be the focus of several non-binding recommendations. The panel has released a draft of its recommendations. See the full meeting agenda here.
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Friday, Sep 10
HOUSE FINANCIAL SERVICES
Hearing on protecting renters during the pandemic.
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Monday, Sep 6
BRUSSELS, Belgium
Wednesday, Sep 8
PARIS, France
Webinar on ESMA's report on Trends, Risks and Vulnerabilities. The report highlights the continued rise in valuations across asset classes in an environment of economic recovery and low interest rates, increased investor risk-taking, and the materialization of event risks such as GameStop, Archegos, and Greensill. See webinar details here.
Wednesday, Sep 8
ROME, Italy
G20 6th International Financial Architecture (IFA) Working Group meeting.
Wednesday, Sep 8 -
Friday, Sep 10
LISBON, Portugal
Eurofi High Level Seminar 2021. Topics will include post-Covid recovery, global fragmentation, AML, ESG, the Digital Finance Strategy, and the digital Euro. Event is by invitation and conducted under Chatham House rules.
Thursday, Sep 9
FRANKFURT, Germany
European Central Bank President Christine Lagarde holds a press conference after the bank’s rate decision.
Friday, Sep 10 -
Saturday, Sep 11
KRANJ, Slovenia
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Wednesday, Sep 8
WASHINGTON DC
U.S. government data is expected to show the number of job positions open in July, highlighting the mismatch between the number of unemployed and a multitude of vacancies.
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