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Back in session: Reg effect on equity, Fed centennial
WASHINGTON (7/8/14)--With both legislative houses back from the Fourth of July break, several full committees will host hearings this week including the Senate Banking Committee and the House Financial Services Committee.

During a hearing today from 10 a.m. to noon (ET), two panels of witnesses will address "The Role of Regulation in Shaping Equity Market Structure and Electronic Trading" for the Senate Banking Committee.

The first panel will feature Jeffrey Sprecher, founder/chairman/CEO, Intercontinental Exchange Inc.; Kenneth Griffin, founder/CEO, Citadel LLC; Kevin Cronin, global head of trading, Invesco Ltd.; and James Angel, associate professor of finance, Georgetown University McDonough School of Business.

The witnesses on second panel will be Thomas Wittman, executive vice president/global head of equities, NASDAX OMX Group Inc.; and Joe Ratterman, chairman/president/CEO, BATS Global Markets Inc.

The House Financial Services Committee is scheduled to hold a full committee hearing titled "Legislation to Reform the Federal Reserve on its 100-year Anniversary" Thursday.

A notice published on the committee's website did not list any specific legislation to be proposed, nor did it list any witnesses scheduled to speak at the hearing.

The committee chair, Rep. Jeb Hensarling (R-Texas), took aim at the Federal Reserve last December, when he announced the Federal Reserve Centennial Oversight Project, which he said would "undertake the most rigorous examination of the Fed's purposes, policies and track record in its history."

The hearing is scheduled to start at 10 a.m. Thursday with a webcast available on the committee's website.


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