THIS WEEK: Fed’s Quarles in financial regulation, stability panel discussions; FDIC systemic resolution panel meets; ‘seasoned’ QM comments due

Three Federal Reserve Board governors are set to speak during events slated over the next three days on, among other things, financial regulation and financial stability. Also this week, the Federal Deposit Insurance Corp. (FDIC) systemic resolution advisory panel meets and comments come due on a proposed “seasoned” qualified mortgage (QM) definition under consumer protection bureau mortgage rules.

Tuesday

  • Fed Vice Chair Richard Clarida moderates a discussion via livestream on “Future Considerations for Treasury Market Resilience” during the 2020 U.S. Treasury Market Conference (sponsored by Treasury and the Fed Board, Federal Reserve Bank of New York, Securities and Exchange Commission, and Commodity Futures Trading Commission). The discussion is slated for 11:40 a.m. to 12:30 p.m. ET. (watch live).
  • At 1 p.m., Fed Vice Chair for Supervision Randal Quarles participates via livestream in a discussion on financial regulation at the Harvard Law School and Program on International Financial Systems: “Conversation on Financial Regulation.” The discussion is slated for 1 p.m.
  • Quarles is also scheduled to participate in an online discussion on financial stability at the Financial Stability Webinar held by the Center for Financial Policy, University of Maryland. The Fed’s website shows this session is slated for 3 p.m.

Wednesday

  • Fed Gov. Michelle Bowman, the board’s designated community banking representative, gives a speech, “Community Banks Rise to the Challenge,” via livestream at the Federal Reserve Bank of St. Louis Community Banking in the 21st Century Research and Policy Conference. Her speech is slated for 1:40 p.m.

Thursday

  • Fed Gov. Bowman is in a discussion, available via livestream, on “The Important Role of Community Banks in Ensuring Equitable Mortgage Credit Access” at a virtual roundtable discussion, “Opportunities and Challenges for Home Ownership,” hosted by the Montana State University Jake Jabs College of Business and Entrepreneurship. The discussion is slated for 3 p.m. (watch live)
  • Comments are due to the Consumer Financial Protection Bureau (CFPB) on a proposed new category of qualified mortgages (seasoned qualified mortgages, or seasoned QMs) for certain first-lien, fixed-rate covered transactions that are held in portfolio. The CFPB extended the comment deadline to accommodate the Yom Kippur Jewish holiday.) (See more at Reg lookup: Qualified Mortgage Definition Under the Truth in Lending Act (Regulation Z): Seasoned QM Loan Definition.)

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