The Treasury Department has been promising new details on its regulatory restructuring agenda all month, and time is running out. Will an announcement come this week? We've heard the answer is no. Washington will have to keep waiting for a fresh component of Treasury Secretary Timothy Geithner's plan, along with rules about executive compensation limits--a release that is even longer overdue.
The Hill will be quiet as Congress goes on recess. Meanwhile, the Federal Deposit Insurance Corp. is scheduled to release its Quarterly Banking Profile on Wednesday at 10am.
Over at the D.C. offices of the Council on Foreign Relations on Tuesday, members of the Squam Lake group, a gathering of economists and finance experts from academia that has been producing white papers on regulatory restructuring and the financial crisis, will hold a lunchtime panel starting at 12pm.