SEC Chair Jay Clayton and Commodity Futures Trading Commission Chair J. Christopher Giancarlo will testify before the Senate Committee on Banking, Housing and Urban Affairs at 10 a.m. ET today during a hearing about the agencies' oversight roles on virtual currencies
Also, at 10 a.m. ET today, U.S. Treasury Secretary Steven Mnuchin will face the House Financial Services Committee at a hearing titled, "The Annual Report of the Financial Stability Oversight Council."
In other regulatory
Canada's Fairfax Financial Holdings Ltd. and U.S.-based asset managers
For bank
In credit union
And the Federal Reserve Bank of Kansas City granted Fourth Corner CU conditional approval to serve marijuana-related businesses, but not state-licensed marijuana dispensaries, The Wall Street Journal reports. Fourth Corner CU was established specifically to serve the marijuana industry in Colorado.
In other parts of the world
Asia Pacific: Great Eastern in Malaysian M&A talks; Macquarie ups FY'18 profit guidance
Europe: Lloyds to cut 1,000 jobs; Munich Re FY'17 net profit drops
Middle East & Africa: First Abu Dhabi gets Saudi securities license; Investec selling Irish unit
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, the Hang Seng fell 5.12% to 30,595.42, while the Nikkei 225 shed 4.73% to 21,610.24.
In Europe, around midday, the FTSE 100 dropped 2.38% to 7,160.28 and the Euronext 100 fell 2.32% to 1,003.85.
On the macro front
The international trade report, the Redbook and the JOLTS report are due out today.
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