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Monday, Dec 11
COMMODITY FUTURES TRADING COMMISSION
Meeting of the CFTC's Market Risk Advisory Committee. The MRAC CCP Risk & Governance and Market Structure Subcommittees will present updates on the work they have been pursuing since the last MRAC meeting in July and discuss developments regarding technology and operations, CCP resolution and recovery, and margin and collateral guidelines. The Market Structure Subcommittee will provide updates on its work on capacity and concentration in the futures commission merchant market, Treasury market reform, block implementation rules, and post-trade risk reduction. MRAC will also hear from experts on the development of consultations by the Future of Finance and Climate-Related Risk Subcommittees. See the complete agenda here.
Tuesday, Dec 12
BUREAU OF LABOR STATISTICS
US consumer price index for November is a final data point as Fed officials gather in Washington for a two-day meeting.
Tuesday, Dec 12 -
Wednesday, Dec 13
FEDERAL RESERVE
Federal Open Market Committee policy meeting followed by a news conference on Wednesday with Fed Chair Jerome Powell. Economists see the Fed’s policy committee maintaining a benchmark interest rate target of 5.25% to 5.5%, with bond traders leaning toward a cut in the first half of 2024.
Wednesday, Dec 13
COMMODITY FUTURES TRADING COMMISSION
Meeting to consider:
- Proposed rule: Operational resilience framework for futures commission merchants, swap dealers, and major swap participants
- Proposed rule: Capital and financial reporting requirements for swap dealers and major swap participants
- Proposed rule: Protection of clearing member funds held by derivatives clearing organizations
- Amended application of Bitnomial Clearinghouse, LLC for registration as a derivatives clearing organization (DCO)
- Proposed rule: Amendments to swap data recordkeeping and reporting requirements
Wednesday, Dec 13
SECURITIES AND EXCHANGE COMMISSION
Meeting to consider whether to adopt amendments to the standards applicable to covered clearing agencies for US Treasury securities regarding their membership requirements and risk management and whether to adopt amendments to the broker-dealer customer protection rule regarding margin held at covered clearing agencies for US Treasury securities. See the complete agenda here.
Thursday, Dec 14
COMMODITY FUTURES TRADING COMMISSION
The CFTC's Agricultural Advisory Committee (AAC) will meet to discuss the impact of climate-related and geopolitical events such as margin requirements and the Russian invasion of Ukraine on agricultural market logistics and prices. See the complete agenda here.
Thursday, Dec 14
FINANCIAL STABILITY OVERSIGHT COUNCIL
FSOC will meet in an executive session to receive updates on cybersecurity developments and updates from the Council's:
- Nonbank Mortgage Servicing Task Force
- Hedge Fund Working Group
- Climate-related Financial Risk Committee
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