Week inAdvance Monday | Jul 26, 2021

Mon Jul 26 EU finmins discuss Recovery and Resilience Facility. | Tue Jul 27 CBDCs on House Finance Services agenda. IMF publishes World Economic Outlook Update. | Wed Jul 28 SEC/UNPRI event. FOMC rate decision and Fed chair news conference. | Thu Jul 29 UNPRI virtual climate event. U.S. GDP. All times are Eastern and subject to change.

please join us

Wednesday, Jul 28 INVESTORS CMBS industry update 4 - 4:15 pm Come when you can. Leave when you have to. Take your calls.

at the agencies

Wednesday, Jul 28 SECURITIES AND EXCHANGE COMMISSION SEC Chair Gary Gensler and the UN Principles for Responsible Investment will hold a discussion about climate change and its impact on global financial markets as part of the SEC’s 2021 Regulatory Agenda. The SEC chair will answer questions from the audience during the virtual event. Please submit any questions in advance via email to Colleen Orr. The event is free and open to the public. Register here.  Wednesday, Jul 28 FEDERAL RESERVE The pace of the Fed's bond-buying program will be in focus when the policy-setting Federal Open Market Committee (FOMC) meets to decide U.S. rates. Officials will probably also discuss how to balance the downside risks from the delta virus variant with upside risks to inflation. Fed Chair Jerome Powell will hold a press conference following the meeting.

on the hill

Tuesday, Jul 27 HOUSE FINANCIAL SERVICES Subcommittee on National Security, International Development, and Monetary Policy hearing on the promises and perils of central bank digital currencies (CBDC). Tuesday, Jul 27 SENATE BANKING, HOUSING, AND URBAN AFFAIRS Hearing on cryptocurrencies. Tuesday, Jul 27 SENATE BANKING, HOUSING, AND URBAN AFFAIRS Subcommittee On Economic Policy hearing on protecting student loan borrowers and the economy. Tuesday, Jul 27 SENATE FINANCE Hearing on implementation and enforcement of the U.S.-Mexico-Canada Agreement, one year after entry into force. Wednesday, Jul 28 SENATE FINANCE Hearing on how Congress can help building on bipartisan retirement legislation.

across the globe

Monday, Jul 26 BRUSSELS, Belgium (virtual) EU finance ministers meet informally by video conference to discuss implementation of the Recovery and Resilience Facility, before assessing the European Commission’s new anti-money laundering package. Tuesday, Jul 27 ROME, Italy (virtual) G20 3rd Sustainable Finance Working Group meeting (finance track). Tuesday, Jul 27 GENEVA, Switzerland World Trade Organization General Council. Thursday, Jul 29 VIRTUAL UN Principles for Responsible Investment (PRI) webinar on The climate policy acceleration: Outlook and impacts for investors. Register here.

other events

Tuesday, Jul 27 WASHINGTON DC The International Monetary Fund releases its World Economic Outlook Update. Thursday, Jul 29 Investors will get their first look at the pace of U.S. economic growth in the second quarter. The advance estimate of GDP is expected to show the economy grew at a rapid pace, fueled by vaccinations, stimulus, and business reopenings.