Comments on the Securities and Exchange Commission's plan to protect investors during periods of market stress are due on Wednesday, January 13th. The proposed rule would require funds to maintain a cushion of cash or cash-equivalent assets that could be sold within three days and let firms impose charges on investors who seek to cash out when withdrawals are elevated. It also would require funds to disclose how many days it would take them to sell all of their assets at a fair price. Critics say the plan could impede investment strategies.  The SEC released its plan after the Federal Reserve and International Monetary Fund warned that funds with riskier holdings could struggle to return cash to investors during a surge in redemption demands. Read comments here.
11 January 2016
Week InAdvance
please join us...       
(All times ET unless noted.)

Thursday, Jan 14, 2016
Market Practices Council Telecon
11am - noon
for details & call-in info...
Matthew Jones
Staff Director
(202) 712-9050
save the date...       
(All times ET unless noted.)

Wednesday, Jan 20, 2016
CMBS
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 11
Japan's markets are closed for a national holiday.

Tuesday, Jan 12
Senate procedural vote on S.2232 to require a Government Accountability Office audit of the Fed. House panel holds hearing on the National Flood Insurance Program. Monetary policy conference in Paris.

Wednesday, Jan 13
Comments due on SEC's proposed liquidity rule. G20 sherpa meeting in Beijing.

Thursday, Jan 14
U.K. rate decision. ECB publishes account of its Dec. 2-3 monetary-policy meeting. Eurogroup meeting in Brussels.

Friday, Jan 15
N.Y. Fed's Dudley delivers remarks in N.J. EU finance ministers meet in Brussels.
Please see below for details on these and other events this week.

at the agencies
Wednesday, Jan 13
FEDERAL RESERVE SYSTEM
Releases the Beige Book of economic condition at 2 pm.
  
 
on the hill
Monday, Jan 11
HOUSE SMALL BUSINESS
Subcommittee on Agriculture, Energy and Trade hearing on "SBA's Office of International Trade: Good for Business?"

Tuesday, Jan 12
HOUSE FINANCIAL SERVICES
Subcommittee on Housing and Insurance hearing on "Opportunities and Challenges Facing the National Flood Insurance Program."  Congress quadrupled funding for the Federal Emergency Management Agency's pre-disaster mitigation program, which falls under the National Flood Insurance Program, in December's omnibus appropriations bill.

Tuesday, Jan 13
HOUSE SMALL BUSINESS
Full committee hearing on "SBA Management Review: Oversight of SBA's Access to Capital Offices."

Tuesday, Jan 13
HOUSE OVERSIGHT AND GOVERNMENT REFORM
Subcommittee on Information Technology
HOUSE HOMELAND SECURITY
Subcommittee on Cybersecurity, Infrastructure Protection and Security Technologies
Joint hearing  on "Wassenaar: Cybersecurity and Export Control."

Wednesday, Jan 13
HOUSE FINANCIAL SERVICES
Subcommittee on Housing and Insurance hearing on "How to Create a More Robust and Private Flood Insurance Marketplace."
across the globe
Tuesday, Jan 12
PARIS, France
The Bank of France holds a monetary-policy conference, with speakers including European Central Bank Executive Board member Peter Praet, Bank of England Governor Mark Carney, Federal Reserve Vice Chairman Stanley Fischer, Bank of Japan Governor Haruhiko Kuroda, Bank of Mexico Governor Agustin Carstens and International Monetary Fund Managing Director Christine Lagarde. 

Wednesday, Jan 13
LONDON, England
European Banking Authority hearing on guidelines for how information should be provided under the Bank Recovery and Resolution Directive.

Wednesday, Jan 13 - 
Friday, Jan 15
BEIJING, China
G20 Sherpa Meeting #1.
other events
Monday, Jan 11
WEBCONFERENCE
Monday, January 11
The Public Company Accounting Oversight Board (PCAOB) holds a webconference for broker-dealer auditors to hear from the PCAOB and to provide feedback on developments in the regulatory landscape.

Tuesday, Jan 12
WASHINGTON DC
Commodity Futures Trading Commissioner Sharon Bowen will speak to the D.C. Bar Association about the state of derivatives regulation. She is expected to address the need to adopt a position-limits rule, anti-manipulation laws, cross-border swaps regulation, cybersecurity, liquidity in swaps markets and challenges in implementing Dodd-Frank mandates.

Wednesday, Jan 13
NEW YORK CITY & via webcast
Practising Law Institute's Private Fund Regulatory Developments and Compliance Challenges 2016.  Speakers include Ken C. Joseph and W. Danforth Townley of the SEC; and Regina G. Thoele, senior v.p. of compliance at the National Futures Association.

Wednesday, Jan 13
WASHINGTON DC
International Trade Commission holds hearing on the Trans Pacific Partnership's likely economic impact.

Thursday, Jan 14
MINNEAPOLIS, Minnesota
David Glockner, director of the SEC's Chicago Regional Office will participate in a breakout session at the 2016 Legal Conference on Privacy and Data Security. His session will focus on SEC enforcement perspectives.

Friday, Jan 15
SOMERSET, New Jersey
N.Y. Federal President  William Dudley  speaks on economy and policy at the Economic Leadership Forum.