Week inAdvance
Monday | Dec 14, 2020
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Mon Dec 14 CFTC tech panel meets on virtual currency & DLT. Electoral college votes. Solar eclipse. | Tue Dec 15 FSB climate change/financial stability workshop. | Wed Dec 16 FOMC rate decision. | Thu Dec 17 CFTC to discuss global derivatives clearing.
All times are Eastern and subject to change.
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Wednesday, Dec 16
INVESTORS CMBS industry update
4 - 4:15 pm
Come when you can. Leave when you have to. Take your calls.
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Monday, Dec 14
COMMODITY FUTURES TRADING COMMISSION
The CFTC's Technology Advisory Committee will hear presentations on cryptocurrency and blockchain from the subcommittees on Virtual Currencies, and Distributed Ledger Technology and Market Infrastructure. The TAC also expects to vote on a recommendation from the Cybersecurity subcommittee. See the complete agenda here.
Tuesday, Dec 15 -
Friday, Dec 18
FEDERAL RESERVE
The U.S. Federal Open Market Committee begins its two-day meeting on Tuesday to discuss the next steps for monetary policy. FOMC interest-rate decision and news conference with Fed Chair Jerome Powell on Wednesday. Markets widely expect the Fed’s policy-setting committee to provide fresh guidance on its continued asset purchases. Officials may also lengthen the average maturity of their monthly bond purchases, a move that could help lower borrowing costs for households and businesses. On Friday, the Fed will release an unprecedented second set of stress test results for the country’s largest banks, which will show how well they are equipped to deal with the economic downturn brought on by the pandemic.
Wednesday, Dec 16
SECURITIES AND EXCHANGE COMMISSION
Meeting to consider whether to adopt rules that will require resource extraction issuers to disclose payments made to the U.S. federal government or foreign governments for the commercial development of oil, natural gas, or minerals.
Thursday, Dec 17
COMMODITY FUTURES TRADING COMMISSION
The CFTC's Global Markets Advisory Committee will hear presentations regarding the global clearing landscape. Presenters will discuss regulatory developments to advance global derivatives clearing and the impact of the coronavirus pandemic on global clearing.
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Wednesday, Dec 16
SENATE BANKING, HOUSING, AND URBAN AFFAIRS
Economic Policy Subcommittee hearing on U.S.-China economic competition. Witnesses include Rep. Will Hurd (R-Texas), a former CIA agent.
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Monday, Dec 14
BRUSSELS, Belgium & LONDON, U.K.
The EU and U.K. will continue talks after U.K. prime minister Boris Johnson and European Commission president Ursula von der Leyen held a “useful” phone call over the weekend.
Monday, Dec 14
VIENNA, Austria
Monday, Dec 14
ROME, Italy
G20 1st Infrastructure Working Group meeting (finance track).
Tuesday, Dec 15
BASEL, Switzerland
Financial Stability Board virtual workshop on the implications of climate change for financial stability. The FSB report on this subject was published on November 23, 2020.
Tuesday, Dec 15 -
Wednesday, Dec 16
ABU DHABI, U.A.E.
Basel Committee on Banking Supervision / Arab Monetary Fund high-level meeting for the Middle East and North Africa.
Thursday, Dec 16
BASEL, Switzerland
19th BIS annual conference webinar on central banks and the macroeconomy, the second in a series on central banking in the wake of the pandemic. This week's theme: The future of money.
Wednesday, Dec 16
BASEL, Switzerland
A virtual workshop on the holistic review of the March market turmoil will give stakeholders (including industry representatives, academics, trade associations and think tanks) the opportunity to provide feedback on the lessons and policy implications from the March market turmoil, as well as future work in this area. Participants will be able to pose questions on the findings and conclusions of the Nov. 17 FSB report on this subject. Register here.
Thursday, Dec 17
ROME, Italy
G20 1st International Financial Architecture Working Group meeting (finance track).
Thursday, Dec 17
CITY OF LONDON
Bank of England interest-rate decision. The BOE is expected to keep policy unchanged, but traders will be watching for any analysis on the economic impact of a potential no-deal Brexit and the coronavirus pandemic as a vaccine is rolled out in the U.K.
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Monday, Dec 14
U.S. Electoral College meets to vote for the next U.S. president. Electors in each state officially cast their votes. Congress must accept those electors, making any legal challenges extremely unlikely to change the election’s outcome.
Monday, Dec 14
A total solar eclipse occurs when the moon completely blocks the Sun, revealing the Sun’s beautiful outer atmosphere known as the corona. The path of totality will be visible in parts of southern Chile and southern Argentina.
Tuesday, Dec 15
U.S. CENSUS BUREAU
Tuesday, Dec 15 -
Thursday, Dec 17
U.S. industrial production figures on Tuesday and retail sales on Wednesday. Thursday brings U.S. initial jobless claims, which accelerated last week to their highest level since mid-September, jumping to 853,000 after a fresh surge in coronavirus cases spurred a new round of shutdowns that have stymied the labor market’s recovery.
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