Week inAdvance
Monday | Jul 12, 2021
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Mon Jul 12 FSB MMF workshop. Eurogroup meets. | Tue Jul 13 CFTC's market risk panel meets. Ecofin in Brussels. | Wed Jul 14 EC set to propose new ‘Green Deal’. France celebrates Bastille Day; financial markets remain open. Fed Beige Book. | Thu Jul 15 Joint IOSCO/CPMI/BCBS margin calls industry roundtable. German Chancellor Angela Merkel visits the White House. U.S. initial jobless claims. | Fri Jul 16 Financial Stability Oversight Council (FSOC) closed meeting. G20 SustFin working group.
All times are Eastern and subject to change.
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Tuesday, Jul 13
INVESTORS ESG GOODworkplace steering committee
2-3 pm
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Tuesday, Jul 13
COMMODITY FUTURES TRADING COMMISSION
The CFTC's Market Risk Advisory Committee will hold a virtual public meeting. At the meeting, MRAC will receive final reports on Capital and Skin-in-the-Game and Stress Testing and Liquidity from its CCP Risk and Governance Subcommittee. MRAC will also receive a status report from the Interest Rate Benchmark Reform Subcommittee and vote on its recommendation for a market best practice that prioritizes derivatives trading in the Secured Overnight Financing Rate for particular market segments, otherwise known as "SOFR First".
Tuesday, Jul 13
FEDERAL RESERVE
The Fed will host a virtual event on racism and the economy with a focus on criminal justice. Fed presidents speaking include Neel Kashkari (Minneapolis), Raphael Bostic (Atlanta), and Eric Rosengren (Boston).
Thursday, Jul 15
MUNICIPAL SECURITIES RULEMAKING BOARD
"Using and Navigating the Amended Form G-32 in EMMA® Dataport," a free webinar on how to use the amended Form G-32, which the MSRB redesigned as part of amendments to MSRB Rule G-32, in preparation for the August 2, 2021 compliance date.
Friday, Jul 16
FINANCIAL STABILITY OVERSIGHT COUNCIL
Treasury Secretary Janet Yellen will preside over a virtual closed meeting of the Financial Stability Oversight Council. The preliminary agenda includes Federal Reserve stress tests, housing markets, and the proposed FSOC report to be issued under the Executive Order on Climate-Related Financial Risk.
Friday, Jul 16
FEDERAL RESERVE BANK OF NEW YORK
The fifth virtual event in a series will focus on culture in a post-pandemic workplace. Panelists will consider the cultural challenges and opportunities associated with the post-pandemic workplace. Topics will include how norms are transmitted in various work environments and the potential impacts of hybrid workplaces on cultural elements like collaboration and inclusion.
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Wednesday, Jul 14
HOUSE FINANCIAL SERVICES
Fed Chair Jerome Powell will deliver the semi-annual Monetary Policy Report.
Wednesday, Jul 14
SENATE FINANCE
Subcommittee on Fiscal Responsibility and Economic Growth hearing on defending and investing in U.S. competitiveness.
Thursday, Jul 15
SENATE BANKING, HOUSING, AND URBAN AFFAIRS
Fed Chair Jerome Powell will deliver the semi-annual Monetary Policy Report.
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Monday, Jul 12
BRUSSELS, Belgium
Eurozone finance ministers, the Eurogroup, meet. U.S. Treasury Secretary Janet Yellen will address the Eurogroup on climate change and global tax policies. She will hold bilateral meetings with officials including ECB President Christine Lagarde and European Commission President Ursula von der Leyen; and host a dinner for women finance ministers including those from Sweden, Spain, and Czech Republic.
Monday, Jul 12
BASEL, Switzerland (virtual)
Financial Stability Board workshop on policy proposals to enhance money market fund resilience. FSB member authorities will exchange views with industry representatives, academics, and other stakeholders on the analysis of MMF vulnerabilities and on the policy options to address them.
Tuesday, Jul 13
BRUSSELS, Belgium
The Economic and Financial Affairs Council (Ecofin) will focus on the economic recovery. Ministers will exchange views on the implementation of the Recovery and Resilience Facility and adopt the first batch of Council implementing decisions on member states’ recovery and resilience plans.
Wednesday, Jul 14
BRUSSELS, Belgium
European Commission will propose new measures under its Green Deal, including expanding the bloc’s carbon market. This follows adoption of the EU’s climate law, which makes the 2050 climate neutrality objective irreversible and toughens the 2030 greenhouse-gas goals.
Thursday Jul 15
MADRID, Spain (virtual)
International Organization of Securities Commission (IOSCO), Committee on Payments and Markets Infrastructures (CPMI), and Basel Committee on Banking Supervision (BCBS) industry roundtable on margin practices. Register here.
Thursday, Jul 15
VIENNA, Austria
Friday, Jul 16
ROME, Italy (virtual)
G20 Sustainable Finance Working Group.
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Monday, Jul 12 -
Wednesday, Jul 14
WASHINGTON DC (virtual)
Brookings hosts its 10th annual Municipal Finance Conference. Academics, regulators, issuers and practitioners will discuss research and recent developments in the muni bond market.
Tuesday, Jul 13
A closely-watched inflation metric – the June U.S. consumer price index – will offer insight into the inflationary pressures bubbling across the economy.
Tuesday, Jul 13 -
Wednesday, Jul 14
VIRTUAL
Bloomberg Live presents the Sustainable Business Summit Global. Corporate leaders and investors will discuss innovation and best practices in sustainable business and finance. Register here.
Thursday, Jul 15 -
Friday, Jul 16
VICTOR, Idaho
Thirteenth Annual Rocky Mountain Economic Summit. Topics include cryptocurrency, cybersecurity, a global economic outlook, the global supply chain, energy and infrastructure, and more. Private roundtable dinner on Thursday will be held at the Wort Hotel in Jackson Hole under Chatham House Rule.
Friday, Jul 16
U.S. retail sales data released for June. The prior month’s figures disappointed expectations and hinted at the shift from spending on goods to spending on services. Analysts will be watching for a continuation of this trend.
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