Week inAdvance
Monday | Jun 22, 2020
Mon Jun 22 Apple’s WWDC. Russia-U.S. arms control talks. | Tue Jun 23 G20 financial architecture meeting. | Wed Jun 24 IMF releases 2020 economic forecast. | Thu Jun 25 Fed stress tests. CFTC considers final and proposed rules. FDIC meets on Volcker Rule changes. | Fri Jun 26 SEACEN directors meeting.

Governments are gradually easing Covid-19 lockdowns and travel restrictions to revive economic growth while attempting to control the spread of the coronavirus. Beijing is shutting schools amid a virus resurgence, and Spain is lifting its lockdown. JPMorgan will begin bringing dealers back to its Manhattan trading floors. France reopens schools and the Eiffel Tower. Moscow will allow kindergartens and sports facilities to reopen and hold its Red Square WWII victory parade.

The U.S. and Russia send officials to Vienna for a new round of arms-control talks. The Fed releases results of stress tests on large U.S. banks, and Apple holds its annual Worldwide Developers Conference online to introduce new products.

All times are Eastern and subject to change.
please join us
Wednesday, Jun 24
INVESTORS CMBS industry update
4 - 4:15 pm

Come when you can. Leave when you have to. Take your calls.
at the agencies
Monday, Jun 22
SECURITIES AND EXCHANGE COMMISSION
SEC Chair Jay Clayton and the SEC's Division of Trading and Markets Director Brett Redfearn will hold a conversation on market structure, which will be webcast live on SEC.gov.

Tuesday, Jun 23
SECURITIES AND EXCHANGE COMMISSION
The SEC's New York Regional Office will host an educational telephone town hall about avoiding scams related to Covid-19. See the event invitation here .

Thursday, Jun 25
COMMODITY FUTURES TRADING COMMISON
Open meeting held via conference call to consider the following:
  • Final rule: Exemption from the swap clearing requirement for certain affiliated entities – Alternative compliance frameworks for anti-evasionary measures (inter-affiliate exemption 50.52)
  • Final rule: Post-trade name give-up on swap execution facilities
  • Proposed rule: Electronic trading risk principles
  • Withdrawal of the proposed rule and supplemental proposal for Regulation AT
  • Proposed rule:  Margin requirements for uncleared swaps for swap dealers and major swap participants (Phase VI compliance date extension)
  • Final rule: Prohibitions and restrictions on proprietary trading and certain interests in, and relationships with, hedge funds and private equity funds (Volcker Rule)

Thursday, Jun 25
FEDERAL DEPOSIT INSURANCE CORPORATION
Two of the major rules for Wall Street banks are poised for approval on changes to Volcker Rule trading limits and swaps margin demands. The proposed Volcker changes ease constraints on banks’ interactions with investment funds, while the margin rule would remove requirement for posting margin between a bank’s affiliates.

Thursday, Jun 25
FEDERAL RESERVE
The Fed releases the results of its  annual stress tests  on the largest banks operating in the U.S. The tests measure the banks’ ability to weather a financial crisis.
  • The regulator scrutinized 34 institutions with more than $100 billion assets each
  • Results will include additional analysis to explore how plausible risks to the economy stemming from the Covid-19 response could affect bank capital
  • Findings will influence banks’ decisions on distributing dividends to shareholders
on the hill
Tuesday, Jun 23
SENATE BANKING, HOUSING, AND URBAN AFFAIRS
Hearing on oversight of the Export-Import Bank of the United States.

Thursday, Jun 25
HOUSE FINANCIAL SERVICES
Subcommittee on Investor Protection, Entrepreneurship, and Capital Market virtual hearing on capital markets and emergency lending in the Covid-19 era.

Friday, Jun 26
HOUSE FINANCIAL SERVICES
Subcommittee on Housing, Community Development and Insurance virtual hearing on the challenges and solutions for policyholders and insurers during the pandemic.
across the globe
Monday, Jun 22
EUROPEAN UNION & CHINA
Representatives from the EU and China hold a video conference call on their future relationship.

Monday, Jun 22
PARIS, France
OECD (Organization of Economic Cooperation and Development) webinar on measuring public trust after a pandemic and economic crises.

Monday, Jun 22
GENEVA, Switzerland
On Monday, the World Health Organization holds a briefing on the latest global Covid-19 developments, with worldwide deaths expected to top 500,000 this week and confirmed cases to exceed 9 million.

Monday, Jun 22
VIENNA, Austria
The U.S. and Russia will send senior officials for a new round of arms-control talks. The U.S. wanted Moscow to persuade China to join the negotiations, but Beijing is not interested and Russia has previously said it would not try to change its mind.

Monday, Jun 22 -
Wednesday, Jun 24
DUBAI, HONG KONG, LONDON, NEW YORK
Bloomberg Invest Global: A Virtual Event . U.S. Treasury Secretary Steven Mnuchin joins financial, investing, and political heavyweights to talk markets and economies.

Monday, Jun 22 -
Tuesday, Jun 30
DA NANG, Vietnam
Leaders from the  Association of Southeast Asian Nations continue their 36th summit.

Tuesday, Jun 23
RIYADH, Saudi Arabia
G20 2nd International Financial Architecture Working Group virtual meeting.

Wednesday, Jun 24
PARIS, France
OECD Blockchain Webinar Series. This webinar will cover China’s proposed Central Bank Digital Currency (DC/EP), its new Blockchain-based Service Network (BSN), some of the interesting commercial applications being developed, from insurance to supply chains, the role the government is playing in fostering blockchain innovation, as well as the policy and regulatory environment.

Thursday, Jun 25 -
Friday, Jun 26
JAKARTA, Indonesia
SEACEN ( South East Asian Central Banks) directors meeting.

Sunday, Jun 28 -
Monday, Jun 29
RIYADH, Saudi Arabia
G20 2nd Trade and Investment Working Group virtual meeting.
other events
Monday, Jun 22 -
Friday, Jun 26
Apple Worldwide Developers Conference is held online. Apple may announce a shift to its own main processors in Mac computers, replacing chips from  Intel Corp.

Wednesday, Jun 24
WASHINGTON DC
The IMF releases new  2020 economic growth  projections. Chief Economist Gita Gopinath predicts projections will  very likely be worse  than April.
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