PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Monday, March 30, 2026
March 30, 2026
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
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Congress
U.S. House of Representatives
Committee on Financial Services
Hearings Notice: House Financial Services Committee Schedule for April 2026
March 27, 2026
The U.S. House Committee on Financial Services released the April 2026 hearings schedule. All hearings will be held at 2128 Rayburn House Office Building.
Capital Markets Subcommittee Hearing: “Safeguarding Main Street: Combatting Fraud and Exploitation in Our Capital Markets”
Time: 10:00 a.m. ET
Date: Wednesday, April 15
Financial Institutions Subcommittee Hearing: “Promoting Access to Credit for Everyday Americans”
Time: 10:00 a.m. ET
Date: Thursday, April 16
Markup of Various Measures
Time: 10:00 a.m. ET
Date: Tuesday, April 21
Housing and Insurance Subcommittee Hearing: “Diversifying Risk: The Benefits of Reinsurance and Credit Risk Transfers”
Time: 10:00 a.m. ET
Date: Wednesday, April 22
National Security, Illicit Finance, and International Financial Institutions Subcommittee Hearing: “Evaluating the Effectiveness of U.S. Sanctions Programs”
Time: 2:00 p.m. ET
Date: Wednesday, April 22
Full Committee Hearing: “Prioritizing Main Street: Evaluating the Impact of Capital Proposals on Economic Growth and American Communities”
Time: 10:00 a.m. ET
Date: Tuesday, April 28
Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity Hearing: “Examining Derivatives’ Role in the Treasury Market”
Time: 10:00 a.m. ET
Date: Wednesday, April 29
Federal Agencies
Securities and Exchange Commission
SEC Approves Amendment to NMS Plan to Further Reduce Costs of Consolidated Audit Trail
March 27, 2026
The Securities and Exchange Commission approved an amendment to the National Market System Plan governing the Consolidated Audit Trail (CAT) and provided exemptive relief from certain requirements of Rule 17a-1 under the Securities Exchange Act of 1934. These actions allow for the implementation of various cost savings measures designed to meaningfully reduce the costs of the CAT while maintaining core regulatory functionality.
Ginnie Mae
All Participant Memorandum: ‘Elimination of 15-Day Advance Notice Requirement’
March 27, 2026
Ginnie Mae released an All Participants Memorandum titled “Elimination of 15-Day Advance Notice Requirement.”
International
European Banking Authority
ESAs Spring Risk Update Highlights Geopolitical Pressures and Rising Private Finance Risks
March 27, 2026
The European Supervisory Authorities (EBA, EIOPA and ESMA) published their spring 2026 joint committee update on risks and vulnerabilities in the EU financial system.
Bank of England
Working Paper: ‘A simulation framework for sterling money market funds: estimating redemption capacity and evaluating liquidity requirements’
March 27, 2026
The Bank of England published a staff working paper titled “A simulation framework for sterling money market funds: estimating redemption capacity and evaluating liquidity requirements.”
Macro Technical Paper: ‘A UK-HANK model’
March 27, 2026
The Bank of England published a Macro Technical Paper titled “A UK-HANK model.”
Market Notice: Update to Discount Window Facility Pricing
March 27, 2026
The Bank of England released a market notice announcing a simplification and reduction in the Discount Window Facility (DWF) pricing, as part of its previously announced review of the DWF.
Financial Conduct Authority
My FCA Marks First Year With Single, Streamlined Sign In for All Firms
March 27, 2026
The Financial Conduct Authority (FCA) announced it has removed direct access to Connect and the Online Invoicing System as part of ongoing improvements to My FCA.
Guidance: ‘Operational resilience: insights and observations one year on’
March 27, 2026
The FCA released good and poor practice guidance on operational resilience.
Blog: ‘Investment trust votes, conflicts of interest, and our role’
March 27, 2026
The FCA published a blog post titled “Investment trust votes, conflicts of interest, and our role.”
Administration Changes
Vacancies
Appointments
U.S. Department of the Treasury – Scott Bessent (effective January 27, 2025)
Federal Reserve Board – Jerome H. Powell (effective May 23, 2022)
- 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 – SCOTUS hearing on purported termination to be held in January 2026)
- Stephen Miran (sworn in September 16, 2025)
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 (Acting Chairman effective January 20, 2025, nominated to be Chair September 30, 2025 and Confirmed December 18, 2025)
- Vice Chairman Vacant
- Director Vacant
- Director Jonathan Gould (Comptroller of the Currency)
- Director Russel Vought (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 (confirmed December 18, 2025)
Consumer Financial Protection Bureau – Russel Vought (Acting Director effective February 10, 2025)
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
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