In 2016, expect key regulations that ensure financial firms can survive an economic downturn and constrain the Fed's ability to rescue lenders during a crisis.

This week, a Dodd-Frank Act regulation takes effect that limits the Fed's emergency lending powers, and mandates that any dispersed funds be "broad based," rather than aimed at a specific, struggling company.

The measure requires that financing 
1) be open to at least five companies
2) can't go to insolvent firms, and
3) must be approved by the U.S. Treasury secretary.

The Dodd-Frank requirement that big banks hold enough liquidity to weather a month of severe stress, goes into 90 percent effectiveness this week from 80 percent in 2015.  In 2017, the requirement for a stockpile of easy-to-sell assets - first outlined by the Basel Committee on Banking Supervision - takes full effect.

U.S. banking regulators have been working on their own version of the Basel Committee's 2015 final, global accord on net stable funding ratio. The U.S. proposal will most likely require banks to hold a minimum amount of stable funding that can last a year. 
4 January 2016
Week InAdvance
please join us...       
(All times ET unless noted.)

Thursday, Jan 7, 2016
Mortgage Securitization Council Telecon
3 - 3:30 pm
for details & call-in info...
Matthew Jones
Staff Director
(202) 712-9050
save the date...       
(All times ET unless noted.)

Thursday, Jan 14, 2016
Market Practices Council Telecon
11 am - noon

Wednesday, Jan 20, 2016
3 - 3:30 pm

Thursday, Jan 21, 2016
Cyber Security Council Telecon
2 - 3 pm

Thursday, Feb 11, 2016
Market Practices Council Telecom
11am - noon

Last Wednesday of Every Month
INVESTORS Membership Telecon
4:30 - 5 pm
Brief updates from all Council chairs.
All members welcome to listen in.
week in brief
Monday, Jan 4
House and Senate hold pro forma sessions to open the second session of the 114th Congress. The Senate is in recess the rest of the week, while the House is scheduled to be in session for legislative business.

Wednesday, Jan 6
The FOMC releases December minutes, possibly giving clues on timing of next U.S. interest-rate move.

Friday, Jan 8
House panel hearing on Treasury oversight of TARP bailout fund. Two House panels hold joint hearing on combating cyber threats.
Please see below for details on these and other events this week.

at the agencies
Wednesday, Jan 6
At 2 pm, the Fed releases the minutes from the Dec. 15-16 Federal Open Market Committee meeting at which rates were raised for the first time in almost a decade.
on the hill
House in session; Senate doesn't return for votes until State of the Union day, on Jan. 12.

Wednesday, Jan 6
Full committee hearing to review the status of production of documents it has demanded for its investigations of government agencies.

Wednesday, Jan 6 -
Thursday, Jan 7
Two hearings to give Small Business Administration officials a chance to respond to a report by the Governmental Accountability Office that outlines mismanagement at the agency. On Wednesday, William Shear, SBA's director of financial markets and community investment, is scheduled to testify. SBA Administrator Maria Contreras-Sweet is scheduled to testify Thursday.

Friday, Jan 8
Full committee hearing on "Treasury Oversight of TARP's Hardest Hit Fund,"  which was established following the 2008 financial crisis to help homeowners in 18 states with the highest mortgage-default rates keep their homes.

Friday, Jan 8
Subcommittee on Research and Technology and Subcommittee on Oversight plan a joint hearing on private sector expertise in combating cyber threats.
other events
Monday, Jan 4 -
Tuesday, Jan 5
Days 3 & 4 of the American Economic Association/ASSA annual meeting. Fed Vice Chair Stanley Fisher, San Francisco Fed President John Williams, and Cleveland Fed President Loretta Mester  are among the speakers. On Monday,  Mark Flannery, the SEC's Chief Economist and Director, Division of Economic and Risk Analysis, will moderate a panel that will focus on the capital markets after the Dodd-Frank and JOBS Acts.

Wednesday, Jan 6
The World Bank holds a media conference call briefing to discuss the 2016 Global Economic Prospects report, including the "ripple effects of growth trends in emerging market economies, the likely impact of the Trans-Pacific Partnership trade agreement, and natural resource development in low-income countries."