Week inAdvance
Monday | May 18, 2020
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Mon May 18 EU finmins meet.
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Tue May 19 Mnuchin & Powell on the Hill.
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Wed May 20 FOMC minutes.
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Thu May 21 BIS conference in Ottawa.
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Fri May 22 UN
International Day for Biological Diversity. U.S. bond market closes at 2pm for Memorial Day holiday.
Global governments continue implementing plans for a gradual return to normal as pressure mounts to reopen economies and release people from Covid-19 lockdowns.
All times are Eastern and subject to change.
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Wednesday, May 20
ARRC External Systems/Platforms Subgroup
(Subgroup of the Operations/Infrastructure Working Group)
Noon - 1 pm
The Association of Institutional INVESTORS is a member of the Federal Reserve Bank of New York's Alternative Reference Rates Committee Operations/Infrastructure Working Group.
Any of our members who would like to participate are welcome. For more information, please "reply to" this eMail.
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Tuesday, May 19
COMMODITY FUTURES TRADING COMMISSION
The CFTC's Global Markets Advisory Committee will hold a public meeting to
hear presentations from (1) the CFTC’s Office of International Affairs Director Suyash Paliwal, on international coordination efforts in the time of Covid-19, and (2) the GMAC Subcommittee on Margin Requirements for Non-Cleared Swaps on its report and recommendations regarding the implementation of initial margin requirements for non-cleared swaps.
Tuesday, May 19
FEDERAL RESERVE BANK OF BOSTON
Boston Fed President Eric Rosengren participates in a discussion of Covid-19’s impact on the New England economy, and Fed actions in response. Via Zoom.
Wednesday, May 20
FEDERAL RESERVE
FOMC (Federal Open Market Committee) releases minutes from its
April 28-29 meeting, at which it held steady on interest rates.
Thursday, May 21
FEDERAL RESERVE
The Federal Reserve Board will host a
Fed Listens
event in a virtual format as part of the
review of monetary policy strategy, tools, and communication practices
.
Fed Chair Jerome Powell will provide opening remarks, and Governor Lael Brainard will moderate a panel that will focus on how the pandemic has changed perspectives on the labor market, inflation, and the transmission of monetary policy to households and businesses.
Thursday, May 21
SECURITIES AND EXCHANGE COMMISSION
The SEC's
Investor Advisory Committee
will hold a public meeting by remote means.
The committee will hold two panel discussions: a discussion regarding index funds, and a discussion regarding credit rating agencies. See the complete agenda
here
.
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Tuesday, May 19
SENATE BANKING, HOUSING, AND URBAN AFFAIRS
Hearings via WebEx to examine the quarterly CARES Act (
Coronavirus Aid, Relief, and Economic Security Act)
report to Congress. Testimony from
Steven Mnuchin, Treasury secretary; and Jerome Powell, Federal Reserve chair.
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Monday, May 18 -
Tuesday, May 19
BRUSSELS, Belgium
Euro-area finance ministers meet, followed by a meeting of EU finance ministers the next day.
Monday, May 18 -
Tuesday May 19
GENEVA, Switzerland
The World Health Assembly, which sets World Health Organization policies, convenes virtually, with health ministers from its 194 member states in attendance. The debate will be dominated by Covid-19. The EU plans to present a resolution on Covid-19 and is seeking support for its adoption by consensus.
Tuesday, May 19
PARIS, France
Wednesday, May 20
BRUSSELS, Belgium
The European Commission is scheduled t
o release its economic policy recommendations for member states.
Thursday, May 21 -
Friday, May 22
OTTAWA, Canada
Eleventh BIS (Bank for International Settlements) Consultative Council of the Americas Research Conference on Monetary Policy Transmission and Tools, hosted by the Bank of Canada.
Friday, May 22
BEIJING, China
The National People’s Congress, the
annual
gathering of China’s main legislature, opens in Beijing following Covid-19-induced delays. The Chinese Communist Party typically uses the NPC to announce major policy changes and personnel reshuffles. A concurrent gathering of China’s top political advisory body, the Chi
nese People’s Political Consultative Conference, began May 21.
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Friday, May 22
NEW YORK CITY
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