Daily Financial Regulation Update -- Friday, October 16, 2026

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Federal Agencies

Federal Reserve Board

Vice Chair’s Speech: ‘Supervisory Modernization After Silicon Valley Bank’

October 14, 2026

Vice Chair for Supervision of the Board of Governors of the Federal Reserve System Michelle W. Bowman gave a speech titled “Supervisory Modernization After Silicon Valley Bank” at the Reinventing Bretton Woods Committee’s annual meeting at the Bangkok Economic Festival in Bangkok.

• Speech

 

Federal Reserve Bank of New York

Blog: ‘Revenue Per Worker Is UP. Are Firms Getting a Larger Share?’

October 15, 2026

The Federal Reserve Bank of New York published a Liberty Street Economics blog post titled “Revenue per Worker Is UP. Are Firms Getting a Larger Share?”

• Blog

 

Conference of State Bank Supervisors

Blog: ‘Adversarial AI: Meeting Emerging Risks and Threats in Financial Institutions’

The Conference of State Bank Supervisors published a blog post titled “Adversarial AI: Meeting Emerging Risks and Threats in Financial Institutions.”

• Blog

 

International

European Banking Authority

Speech: ‘Enhancing Trust in Europe’s Payment Ecosystem’

October 15, 2026

European Banking Authority Chair Francois-Louis Michaud gave a speech titled “Enhancing trust in Europe’s payment ecosystem.”

• Speech

 

Bank of England

Consultation Paper: ‘Review of CCP Collateral Rules — Letters of Credit’

October 15, 2026

The Bank of England published a consultation paper titled “Review of CCP collateral rules — letters of credit.”

• Consultation Paper

 

Minutes: SONIA Stakeholder Advisory Group

October 15, 2026

The Bank of England published the minutes of the SONIA Stakeholder Advisory Group from Sept. 25.

• Minutes

 

Speech: ‘The Importance of Public Engagement in Maintaining Trust in Banknotes’

October 15, 2026

Executive Director of Payments of the Bank of England Victoria Cleland gave a speech titled “The importance of public engagement in maintaining trust in banknotes” at the Intergraf Currency & Identity Conference in Denmark.

• Speech

 

UK Financial Conduct Authority

Article: ‘Contracts for Difference Firms: Good and Poor Practice’

October 15, 2026

The Financial Conduct Authority published an article titled “Contracts for difference firms: good and poor practice.”

• Article

 

Administration Changes

Appointments/Confirmation Hearings

U.S. Department of the Treasury – Scott Bessent (effective January 27, 2025)

Federal Reserve Board – Kevin Warsh (effective May 22, 2026)

• Vice Chair Phillip N. Jefferson (sworn in September 13, 2023)
• Vice Chair for Supervision Michelle W. Bowman (sworn in June 9, 2025)
• Governor Michael Barr (sworn in July 19, 2022)
• Governor Christopher J. Waller (sworn in December 18, 2020)
• Governor Lisa D. Cook (sworn in September 13, 2022)
• Governor Jerome H. Powell (sworn in June 16, 2014)

 

Federal Reserve Bank of New York – John C. Williams (effective June 18, 2018)

Federal Reserve Bank of Boston – Susan M. Collins (effective July 1, 2022)

Federal Deposit Insurance Corporation – Travis Hill (effective January 13, 2026)

• Vice Chairman Vacant
• Director Vacant
• Director Jonathan Gould (Comptroller of the Currency)
• Acting Director Mark Paoletta (Acting Director of Consumer Financial Protection Bureau)

 

Office of the Comptroller of the Currency – Jonathan Gould (effective July 15, 2025)

Securities and Exchange Commission – Paul Atkins (effective April 9, 2025)

Commodity Futures Trading Commission – Michael Selig (effective December 22, 2025)

Consumer Financial Protection Bureau – Mark Paoletta (Acting Director effective August 1, 2026); Nominee Brian Johnson (nominated June 10, 2026 – nomination hearing July 24, 2026)

National Credit Union Administration – Kyle Hauptman (Chairman effective January 20, 2025)

Small Business Administration – Kelly Loeffler (effective February 19, 2025)

U.S. Department of Housing and Urban Development – Scott Turner (effective February 5, 2025)

Federal Housing Finance Agency – William Pulte (effective March 13, 2025)

U.S. Department of Education – Linda McMahon (effective March 3, 2025)

Financial Crimes Enforcement Network – Andrea Gacki (effective July 13, 2023)

 

PH Client Alerts

Click here to read more from our Coronavirus series.

 

Legislation/Legislative Updates

Click here to view the full text of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), enacted March 27, 2020.

Click here to view the full text of the Paycheck Protection Program Increase Act of 2020, enacted April 24, 2020.

Click here to view the full text of the Paycheck Protection Program Flexibility Act of 2020, enacted June 5, 2020.

Click here to view the full text of theConsolidated Appropriations Act, 2021, enacted December 27, 2020.

Click here to view the full text of the American Rescue Plan of 2021, enacted March 11, 2021.

Click here to view the full text of the PPP Extension Act of 2021, enacted March 30, 2021.

Click here to view a running list of proposed legislation from the Senate Committee on Banking, Housing and Urban Affairs, Senate Committee on Small Business and Entrepreneurship, House Committee on Financial Services and House Committee on Small Business