Expect an update on the state of the international financial system when Treasury Secretary Jack Lew testifies before the House Financial Services Committee on Tuesday.

Lew is required to report once a year on the progress Treasury has made to improve the global financial system, increase compliance of countries receiving International Monetary Fund aid, and implement safeguards against money laundering and terrorist financing.

Last year at this time, the hearing went beyond the designated scope of Lew's annual report to criticize Treasury and the White House for their "one-world view of risk imported from Europe" and for allowing international groups such as the G20's Financial Stability Board, as well as Treasury's own Financial Stability Oversight Council, to "institutionalize 'too big to fail' on a global scale" and to "wield immense power over our global economy and operate largely without transparency."
21 March 2016
Week InAdvance
please join us...       
all times ET unless noted

Tuesday, Mar 22
INVESTORS Cyber Security Council In-Person
Boston MA
Noon - 1 pm
save the date...       
Last Wednesday of Every Month
INVESTORS Membership Telecon
4:30 - 5 pm
Brief updates from all Council chairs.
All INVESTORS members are invited to listen in.
for details...
Matthew Jones
Staff Director
(202) 712-9050
week in brief
Monday, Mar 21
FSB standing committee meets in NYC. FSOC meets on asset management.  Discussion on the next recession at Brookings.

Tuesday, Mar 22
Treasury Secretary Jack Lew in the House to testify on international financial system. SEC Chair Mary Jo White in the House to testify on the agency's FY 2017 funding request. House panel hearing on housing regulations.

Wednesday, Mar 23
Peterson Institute explores the links between housing cycles, banking crises & recession.

Thursday, Mar 24
Center for Global Development discussion on financial regulation & financial inclusion.

Friday, Mar 25
European and U.S. markets are closed as part of the Easter holiday.
Please see below for details on these and other events this week.

at the agencies
Monday, Mar 21
FINANCIAL STABILITY BOARD
Meeting of the FSB's Standing Committee for Supervisory and Regulatory Cooperation.

Monday, Mar 21
DEPARTMENT OF THE TREASURY
Secretary Lew presides over a closed meeting of the Financial Stability Oversight Council via telephone. Preliminary agenda includes an update regarding the Council's ongoing work on asset management.

Monday, Mar 21
SECURITIES AND EXCHANGE COMMISSION
Open meeting to hear oral argument in an appeal from an initial decision of an administrative law judge by respondents Edgar Page and PageOne Financial, Inc., that they violated the Investment Advisers Act of 1940 by failing to disclose a conflict of interest.

Tuesday, Mar 22
INTERNAL REVENUE SERVICE
Meeting on proposed rule on additional limitation on suspension of pension benefits under Multiemployer Pension Reform Act of 2014

Thursday, Mar 24
CONSUMER FINANCIAL PROTECTION BUREAU
Meeting of the Credit Union Advisory Council to  discuss CFPB strategic outlook and elder financial abuse.

Thursday, Mar 24
MUNICIPAL SECURITIES RULEMAKING BOARD
Educational w ebinar on the amendments to  its  Rule G-20, on gifts, gratuities and non-cash compensation , for municipal advisors .


  
 
on the hill
Senate on recess for next two weeks.

Monday, Mar 21
HOUSE RULES
Full committee meets to formulate a rule on H.R. 2745, the "Standard Merger and Acquisition Reviews Through Equal Rules Act of 2015."

Tuesday, Mar 22
HOUSE APPROPRIATIONS
Subcommittee on Financial Services and General Government hearing on the fiscal year 2017 budget request for the Securities and Exchange Commission. SEC Chair Mary Jo White to testify.

Tuesday, Mar 22
HOUSE FINANCIAL SERVICES
Full committee hearing on "The State of the International Financial System." Treasury Secretary Jacob Lew to testify.

Tuesday, Mar 22
HOUSE FINANCIAL SERVICES
Subcommittee on Housing and Insurance hearing on "The Future of Housing in America: Government Regulations and the High Cost of Housing."

Tuesday, Mar 22
HOUSE SMALL BUSINESS
Subcommittee on Economic Growth, Tax and Capital Access hearing on "Lip Service but Little Else: Failure of the Small Business Health Insurance Tax Credit."

Tuesday, Mar 22
HOUSE WAYS AND MEANS
Subcommittee on Tax Policy hearing on "Member Day - Fundamental Tax Reform Proposals."


across the globe
Monday, Mar 21
SYDNEY, Australia
Australian Securities and Investments Commission Annual Forum 2016. ASIC's 21st annual forum will examine how structural change, culture and regulation are affecting the financial system.

Monday, Mar 21
PARIS, France
Federal Reserve Bank of Richmond President Jeffrey Lacker participates in "Session 1: Central Bankers Outlook" before the Global Interdependence Center conference, "Inflation Expectations, Implications and Policy Response in a New Paradigm for Commodities."

Tuesday, Mar 22
LONDON, England
G20 Green Finance Working Group Meeting #2.

Wednesday, Mar 23
LONDON, England
SDA Markets in Financial Instruments Directive II/Regulation. Stephen Hanks, a manager in the markets division at the Financial Conduct Authority, is among speakers at conference focusing on MiFID II.
other events
Monday, Mar 21
WASHINGTON DC
Brookings Institution holds a discussion on "Are We Ready for the Next Recession?"

Monday, Mar 21 -
Tuesday, Mar 22
NEW YORK CITY
New York Society of Security Analysts hosts the 20th Annual Insurance Industry Conference.

Monday, Mar 21 -
Wednesday, Mar 23
WASHINGTON DC
Council of Institutional Investors Spring 2016 Conference. Speakers include James Doty, chairman of the Public Company Accounting Oversight Board.

Wednesday, Mar 23
WASHINGTON DC
The Peterson Institute for International Economics holds a discussion on "Breaking the Link between Housing Cycles, Banking Crises and Recession."

Thursday, Mar 24
WASHINGTON DC
The Center for Global Development holds a discussion on "Financial Regulation for Financial Inclusion: What Should Policymakers Do?" focusing on the rise of digital technology in fostering financial services and the role of policy makers in regulating the industry.