There is plenty coming up in the week ahead among the federal financial institution regulators – after everyone goes back to work after Monday’s federal Columbus Day holiday. Here’s a rundown (all times are ET):
- On Tuesday (Oct. 15) the Federal Deposit Insurance Corp. (FDIC) Board meets in open session beginning at 10 a.m. to consider a final rule on tailoring capital and liquidity rules for domestic and foreign banking organizations. That final rule is one of two items slated for discussion prior to action; the other is a final rule on amendments to resolution plan requirements.
- Two events highlight Wednesday (Oct. 16), with the director of the federal consumer financial protection agency making the first of two appearances before congressional committees about the agency’s semiannual report and a governor of the Federal Reserve Board (FRB) discussing the “Future of Money.” Consumer Financial Protection Bureau (CFPB) Director Kathleen (“Kathy”) Kraninger testifies before the House Financial Services Committee (beginning at 10 a.m.) for the statutorily mandated six-month report. Last week, the bureau released its six-month report for the period that ended March 31. Kraninger repeats the testimony Thursday before the Senate Banking Committee, also beginning at 10 a.m.
Later that day (beginning at 3 p.m.), FRB Gov. Lael Brainard addresses money’s future – which likely will include comments about the Fed’s faster payments initiative – at “The Future of Money in the Digital Age” conference, co-hosted by The Peterson Institute for International Economics and Princeton University’s Center for Finance in Washington, D.C. Her remarks are scheduled to be live-streamed via the Internet.
- A duo of events also occurs on Thursday (Oct. 17). The National Credit Union Administration (NCUA) Board releases the agenda (typically around 3 p.m.) for its next regular monthly meeting, which occurs a week later (Oct. 23). About an hour earlier, FRB Gov. Michelle (“Miki”) Bowman opens the final of 12 “Fed Listens” events that have been held throughout the country this year, focusing on “Monetary Policy’s Impact on Workers and Their Communities.” The session, to be live-streamed via the Internet, will held at the Federal Reserve Bank of Chicago.
- The week wraps up Friday (Oct. 18), with another member of the FRB, Gov. Richard Clarida, discussing the U.S. economic outlook and monetary policy at the CFA Institute Fixed-Income Management Conference 2019 in Boston. Clarida’s remarks, also to be live-streamed via the Internet, are scheduled to begin at 11:30 a.m.