Financial Services Week Ahead March 16-20

US House of Representatives:

 

House Financial Services Committee:

 

  Tuesday, March 17, 2015 at 10:00 AM in HVC-210 of the House Visitors’ Center – Hearing Entitled “The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System.” Full Committee 

 

Witness List

  • The Honorable Jacob J. Lew, Secretary, U.S. Department of the Treasury

 

Comments:  

 

Expect questions on the FSOC, SIFI designation process, international insurance capital standards, and Dodd Frank reforms.

 

 

 

Wednesday, March 18, 2015 at 10:00 AM in HVC-210 of the House Visitors’ Center  – Hearing Entitled “Preserving Consumer Choice and Financial Independence. Full Committee.

 

Witness List

  • Mr. Tyrone Fenderson Jr., President and Chief Executive Officer, Commonwealth National Bank, on behalf of the American Bankers Association
  • Mr. Patrick Miller, President and Chief Executive Officer, CBC Federal Credit Union, on behalf of the Credit Union National Association
  • Mr. J. David Williams, Chairman and Chief Executive Officer, Centennial Bank, on behalf of the Independent Community Bankers of America
  • Mrs. Peggy Bosma-Lamascus, President and Chief Executive Officer, Patriot Federal Credit Union, on behalf of the National Association of Federal Credit Unions
  • Prof. Adam J. Levitin, Professor of Law, Georgetown University Law Center

 

Comments:  

 

Hearing to examine Dodd Frank and other regulatory relief bills/legislation for banks and credit unions.  Markup scheduled on 3/25 for a package of regulatory relief bills.

 

 

 

Thursday, March 19, 2015 at 9:00 AM in 2167 Rayburn HOB – Hearing Entitled “Oversight of the SEC’s Enforcement Division.” Capital Markets Subcommittee.

 

 

 

Witness List

  • Mr. Andrew Ceresney, Director, SEC Director of Enforcement

Comments:

Hearing on recent SEC settlements and prosecution cases.  Expect questions on invest firms recent guilty pleas.

 

 

 

House Energy and Commerce Committee:

 

Wednesday, March 18, 2015 at 10:00 AM in 2123 in Rayburn HOB – Hearing Entitled “Discussion Draft of H.R. ___, Data Security and Breach Notification Act of 2015.” Commerce, Trade, and Manufacturing Subcommittee.

Witness List

  • TBA

Comments:

 

Legislative hearing on data security bill that E&C committee is planning to markup in the near future.

 

 

 

US Senate:

 

Senate Banking Committee:

 

Thursday, March 19, 2015 at 10:00 AM in 538 Dirksen SOB – Hearing Entitled “Examining the Regulatory Regime for Regional Banks.” Full Committee.

 

Witness List

  • The Honorable Thomas J. Curry, Comptroller of the Currency, Office of the Comptroller of the Currency
  • The Honorable Martin J. Gruenberg, Chairman, Federal Deposit Insurance Corporation
  • The Honorable Daniel K. Tarullo, Governor, Board of Governors of the Federal Reserve System

 

Comments: 

 

Hearing to discuss possible regulatory relief for regional banks.  Expect questions on Dodd Frank reform, bank regulatory relief threshold, and Too Big To Fail (TBTF).

 

 

 

Senate Commerce Committee:

 

 

Thursday, March 19, 2015 at 10:00 AM in 538 Dirksen SOB – Hearing Entitled “Examining the Evolving Cyber Insurance Marketplace.” Full Committee. 

 

Witness List

  • TBA

Comments:

 

The hearing will focus on the growing cyber security risk insurance market and hear from experts about coverage, challenges, and opportunities in the industry and the impact on cyber security.

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