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Industry executives, regulators and academics will join the Securities and Exchange Commission's Market Structure Advisory Committee to discuss causes and impacts of the August 24, 2015 market volatility, when wild swings in the exchange-traded fund prices led to more than 1,000 trading halts.
The session is open to the public, can be viewed live on the SEC website,
www.sec.gov
, and will be archived on the SEC website to view after the meeting.
M
embers of the public are welcome to submit comments electronically or on paper that will become part of the public record of the meeting.
The panel,
which was formed to give the SEC a mechanism to receive advice and recommendations,
will hear from representatives of NYSE and Nasdaq as well as fund executives and academics. Their agenda
will focus on "certain issues affecting customers" in the current equity market structure environment.
An
agency analysis released in December linked the August volatility to stock exchange rules that had been intended to limit extreme price movements. The study offered no proposals for policy changes, but provided a blueprint for discussing structure changes in stock and ETF trading.
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Monday, Feb 1
Fed's Fischer speaks at CFR meeting in New York. CFTC's Massad in Miami for "State of the Industry" conference. House set to take up a slate of securities bills that would ease a variety of SEC regulations.
Groundhog Day marks Winter's halfway point, whether Phil sees his shadow or not. SEC panel to address volatility in exchange-traded products.
Wednesday, Feb 3
4th OECD Parliamentary Days (to Feb. 5) in Paris.
Thursday, Feb 4
The 12 nations in the TPP formally sign the U.S.-led regional trade agreement in Auckland.
Friday, Feb 5
5th annual FSOC/OFR conference in DC.
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Please see below for details on these and other events this week.
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Tuesday, Feb 2
SECURITIES AND EXCHANGE COMMISSION
SEC's Equity Market Structure Advisory Committee meeting. Topics include volatility in exchange-traded products, the trade halts of Aug. 24, 2015,
and certain issues affecting customers in the current equity market structure.
Wednesday, Feb 3
MUNICIPAL SECURITIES RULEMAKING BOARD
The MSRB, the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) will hold a compliance outreach program to provide municipal advisor professionals a forum to discuss recent exam findings, regulatory issues and compliance practices with regulators
and industry participants.
The event also will be webcast live on the SEC website.
Friday, Feb 5
DEPARTMENT OF THE TREASURY
Office of Financial Research and Financial Stability Oversight Committee's 2016 Annual Conference.
This fifth annual event will bring together financial practitioners, researchers, and regulators to discuss emerging financial stability issues on four panels: "Orderly Resolution Around the World," "Stress Tests Beyond Banks," "Central Clearing for Repos in the United States," and "How Can Regulators Monitor and Adapt to Changing Market Structure?"
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Monday, Feb 1
HOUSE OF REPRESENTATIVES
The full House will vote on bills that would change the definition of an "accredited investor," redefine "high quality liquid assets" to include municipal bonds, create a Small Business Advocate at the SEC and require the agency to formally address the recommendations made by its annual small business forum.
Tuesday, Feb 2
HOUSE EDUCATION AND WORKFORCE
Markup of H.R. 4293, the Affordable Retirement Advice Protection Act and H.R. 4294, the Strengthening Access to Valuable Education and Retirement Support Act.
Tuesday, Feb 2
HOUSE FINANCIAL SERVICES
Full committee markup of the committee's Views and Estimates on the budget for FY 2017.
Tuesday, Feb 2
HOUSE FINANCIAL SERVICES
Subcommittee on Oversight and Investigations hearing, "Unsustainable Federal Spending and the Debt Limit," on recent Congressional Budget Office report that U.S. budget deficit is set to rise every year for next decade, pushing the $18 trillion national debt higher.
Tuesday, Feb 2
HOUSE WAYS AND MEANS
Full committee hearing on "Reaching America's Potential: Delivering Growth and Opportunity for All Americans."
Wednesday, Feb 3
SENATE BUDGET
CBO Director Keith Hall testifies on spending on unauthorized or expired federal programs.
HOUSE FINANCIAL SERVICES
Task Force to Investigate Terrorism Financing hearing on "Trading with the Enemy: Trade-Based Money Laundering is the Growth Industry in Terror Finance." Speakers include
former U.S. intelligence officer and Treasury special agent John Cassara, and former U.S. Customs and Border Protection senior special agent Louis Bock.
Thursday, Feb 4
HOUSE BUDGET
CBO Director Keith Hall testifies before on budget/economic outlook.
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Monday, Feb 1
BRUSSELS, Belgium
European Commission Conference on Covered Bonds. Speakers include Jonathan Hill, EU commissioner for financial stability, financial services and the capital markets union.
Wednesday, Feb 3 -
Friday, Feb 5
PARIS, France
4th OECD Parliamentary Days. OECD Secretary-General Angel Gurria and OECD Deputy Secretary-General Mari Kiviniemi are the speakers.
The OECD Global Parliamentary Network connects legislators from OECD and partner countries.
Thursday, Feb 4
LONDON, England
ISDA's Advanced Derivatives Clearing. Topics include an overview of the CPSS-IOSCO principles for systemically important financial market intermediaries and the proposed CCP recovery framework.
Thursday, Feb 4
AUCKLAND, New Zealand
The 12 nations in the Trans-Pacific Partnership will formally sign the U.S.-led regional trade agreement. The deal still requires ratification by the legislatures of all signatory nations, with national debates likely to linger for at least several more months.
Friday, Feb 5
LONDON, England
EBA 5th Anniversary Conference. Jonathan Hill, EU Commissioner for Financial Stability, Financial Services and Capital Markets Union, is scheduled to give the keynote address.
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Monday, Feb 1
NEW YORK CITY
Federal Reserve Vice Chairman Stanley Fischer will discuss recent economic developments and U.S. monetary policy at a Council on Foreign Relations event.
Monday, Feb 1
MIAMI, Florida
CFTC Chairman Timothy Massad will address the Commodity Markets Council's "State of the Industry 2016" conference.
Thursday, Feb 4
WASHINGTON DC
CFTC Commissioner Sharon Bowen will speak at George Washington University Law School's conference on the role of the CFTC in the derivatives marketplace.
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Transparency. Inclusiveness. Consensus.
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