Week InAdvance | Tue 1/3 Congress convenes. | Wed 1/4 FOMC meeting minutes 2 pm. | Thu 1/5 PLI Brexit webinar for U.S. companies. | Sun 1/8 Basel Committee deadline for capital standards overhaul.
3 Jan 2017
at the agencies
Wednesday, Jan 4
The Federal Open Market Committee will release minutes of its Dec. 13-14 meeting, at which policy makers decided to raise rates for the first time in a year. Details about the closed-door policy discussion Fed officials held last month could help explain why several of them increased the number of interest-rate hikes they expect in 2017 without significantly upgrading their economic forecasts. Officials will likely be less revealing about the timing of the next policy move.
on the hill
Tuesday, Jan 3
The 115th U.S. Congress convenes. Proceedings include adoption of rules of the House; oath of office for newly elected and re-elected members; adoption of administrative resolutions and unanimous consent agreements; and announcement of the speaker's policies on floor practices. The President-elect and Congressional Republicans do not have a mandate. Instead, they have a precedent to govern despite losing the popular vote. With sixty votes effectively the threshold for passing anything unrelated to the budget, the GOP's lack of a supermajority in the Senate may halt the passage of most of its legislative agenda.
across the globe
Sunday, Jan 8
Basel Committee on Banking Supervision's oversight body scheduled to meet to endorse final package for their overhaul of capital standards. The meeting could be delayed if regulators haven't reached an agreement.
Thursday, Jan 5
Practising Law Institute webinar on the disclosure implications of Brexit for U.S. companies. Discussion topics include the status of the U.K.'s decision to withdraw from the European Union, Securities and Exchange Commission disclosure requirements and practical ways to monitor the Brexit process. London-based Skadden, Arps, Slate, Meagher & Flom LLP partners James A. McDonald and Pranav L. Trivedi will host the half-hour program.
transparency. inclusiveness. consensus.
The Association of Institutional INVESTORS is a member-led organization of institutional investment advisors that represents the interests of investors and strives to advance good practices and promote fair and efficient financial markets through open engagement with policy makers and others.