THE WEEK IN BRIEF | Mon 6/20 Summer Solstice in the northern hemisphere. | Tue 6/21 FSOC meeting. Digital economy explored in Cancun (thru Thurs). Fed Chair testifies in Congress on "the new normal" (thru Wed). NY Fed Roundtable. INVESTORS Legal & Regulatory Council Meeting. | Wed 6/22 Symposium in DC on ending TBTF. | Thu 6/23 To Brexit or not to Brexit. Fed stress test results. | Fri 6/24 PBOC Governor at the IMF. | Please see below for details on these & other events.

20 Jun 2016
Week InAdvance
please join us...       
all times ET unless noted

Tuesday, Jun 21
INVESTORS Legal & Regulatory Council Meeting
12:15 - 1:45 pm
for details...
Matthew Jones
Staff Director
(202) 712-9050
save the date...       
Last Wednesday of every month
INVESTORS Monthly Members Meeting
4:30 - 5 pm
Brief updates from all Council chairs.
All INVESTORS members are invited to listen in.

3rd Wednesday of every month
CMBS Council monthly meeting
3 - 3:30 pm

1st Thursday of every month
Mortgage Securitization Council monthly meeting
3 - 3:30 pm

2nd Thursday of every month
Market Practices Council monthly meeting
11 - 11:30 am
at the agencies
Monday, Jun 20
FEDERAL RESERVE BANK OF MINNEAPOLIS
Third symposium, as part of an initiative started this year by the district bank to assess the current status and outlook for addressing the problems of TBTF banks,  will examine the cost-benefit analysis of increasing bank capital, as well as evaluate more broadly the status of ending TBTF. After collecting research, as well as input from thought leaders, the regional bank intends to release a plan by the close of 2016 to end TBTF.

Tuesday, Jun 21
DEPARTMENT OF THE TREASURY
Financial Stability Oversight Council meeting, with both open session and executive sessions.  The preliminary agenda for the open session includes a discussion of the Council's 2016 annual report. The preliminary agenda for the executive session includes an update on market developments, a discussion of the Fed's proposed rulemakings that would apply to certain insurance companies, and a discussion of the annual re-evaluation of the designation of a nonbank financial company.

Tuesday, Jun 21
FEDERAL RESERVE BANK OF NEW YORK
A group of private-market participants convened by federal regulators to identify an alternative reference rate to U.S. dollar Libor will hold a roundtable at the New York Fed's offices.

Tuesday, Jun 21
FEDERAL DEPOSIT INSURANCE CORPORATION
Open meeting (available via webcast). Agenda includes rules regarding exempting commercial end users and small financial institutions from swap margin requirements, retention of records of a covered financial company,  securitization safe harbor, alternatives to references to credit ratings with respect to permissible activities for foreign branches of insured state nonmember banks.

Tuesday, Jun 21
FEDERAL RESERVE BANK OF RICHMOND
Anti-money laundering conference.

Thursday, Jun 23
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
Less than an hour before Brexit voting finishes in the U.K., thirty-three U.S. banks will get  the first batch of results from the Fed's annual stress tests . Banks will likely remain disciplined on capital returns to maintain high capital ratios for the assessments.

Thursday, Jun 23
OFFICE OF THE COMPTROLLER OF THE CURRENCY
Forum on Supporting Responsible Innovation will bring together thought leaders from banks, financial technology companies, and community and consumer groups to discuss developments, opportunities, and challenges related to financial innovation.
on the hill
Tuesday, Jun 21
SENATE BANKING, HOUSING AND URBAN AFFAIRS
Fed Chair Janet Yellen gives semiannual monetary policy testimony  to Senate.

Wednesday, Jun 22
HOUSE FINANCIAL SERVICES
Fed Chair Janet Yellen gives semiannual monetary policy testimony  to House.

Thursday, Jun 23
SENATE BANKING, HOUSING AND URBAN AFFAIRS
Hearing on capital and liquidity rules.

Thursday, Jun 23
HOUSE FINANCIAL SERVICES
Task Force to Investigate Terrorism Financing Subcommittee hearing to summarize a survey of current efforts to combat terrorist financing.
across the globe
Monday, Jun 20
The Northern Hemisphere's summer solstice, the year's longest day, arrives at 18:34 EDT.

Monday, Jun 20
XIAMEN, China
G20 Climate Finance Study Group Meeting #3.

Monday, Jun 20
SEOUL, Korea
G20 International Financial Architecture Working Group Meeting #4.

Tuesday, Jun 21
XIAMEN, China
G20 Green Finance Study Group Meeting #4.

Tuesday, Jun 21 -
Thursday, Jun 23
BASEL, Switzerland
Bank for International Settlements' Financial Stability Institute meeting on International accounting and auditing standards for banks.

Tuesday, Jun 21 -
Thursday, Jun 23
CANCUN, Mexico
Ministers and stakeholders gather to move the digital agenda forward at the OECD Ministerial Meeting on the Digital Economy , focusing on four key policy areas fundamental to the growth of the digital economy - internet openness, digital trust, global connectivity, and jobs and skills transformation.

Wednesday, Jun 22 -
Thursday, Jun 23
XIAMEN, China
G20 Finance & Central Bank Deputies Meeting #3.

Wednesday, Jun 22 -
Thursday, Jun 23
BRUSSELS, Belgium
European Parliament plenary session.

Wednesday, Jun 22 - 
Thursday, Jun 23
STRASBOURG, France
European Parliament plenary session.

Thursday, Jun 23
XIAMEN, China
G20 Joint Sherpas & Finance Deputies Meeting.

Thursday, Jun 23
United Kingdom
Brexit Day: public referendum on U.K.'s membership of the European Union.  The U.K. votes on membership in the EU this week, ending a bitter campaign between the "Leave'' and "Remain'' camps.

Thursday, Jun 23 -
Saturday, Jun 25
XIAMEN, China
G20 Sherpa Meeting #3.

Friday, Jun 24 -
Saturday, Jun 25
XIAMEN, China
G20 Framework Working Group Meeting #3.

Saturday, Jun 25 -
Sunday, Jun 26
BEIJING, China
Russian President Vladimir Putin is among officials gathering in Beijing for the first annual meeting of the China-led Asian Infrastructure Investment Bank.
other events
Monday, Jun 20
NEW YORK CITY
International Association of Insurance Supervisors (IAIS) capital-related stakeholder meeting.

Monday, Jun 20
WASHINGTON, DC
The World Bank holds a briefing on "Habitat III: What is This Once Every 20 Year United Nations Conference on Cities all About?" at the National Press Club.

Wednesday, Jun 22
LIVE WEBCAST
Council on Foreign Relations. Biotechnology: The Potential and Perils of Innovation. Experts discuss discuss the latest developments in synthetic biology and biotechnology, and their implications for U.S. national security over the next decade.

Wednesday, Jun 22
NEW YORK CITY
Institute of International Bankers Annual Tax Seminar. Attendees include representatives of Institute member banks and member firms of its Professional Liaison Committee, who will provide a detailed review of the key tax issues and developments affecting internationally headquartered banking / financial institutions operating in the U.S.

Friday, Jun 24
WASHINGTON, DC
People's Bank of China Governor Zhou Xiaochuan delivers a lecture at the International Monetary Fund. IMF Managing Director Christine Lagarde gives opening remarks.

Friday, Jun 24
NEW YORK CITY
Americas Society/Council of the Americas hosts the Argentine Investment Conference.