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PH FedACTion: Financial Regulatory Updates

Daily Financial Regulation Update -- Thursday, October 9, 2025

October 09, 2025

Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe

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Federal Agencies

Federal Reserve Board

Fed Releases Minutes of Federal Open Market Committee Meeting

October 8, 2025

The Federal Reserve released the minutes of the Federal Open Market Committee meeting held on Sept. 16-17.

 

Speech: ‘Community Banking: The Cornerstone of Building Communities’

October 8, 2025

Federal Reserve Board Governor Michael S. Barr gave a speech titled “Community Banking: The Cornerstone of Building Communities.”

 

Federal Reserve Bank of New York

Blog: ‘The Rise of Sponsored Service for Clearing Repo’

October 8, 2025

The Federal Reserve Bank of New York published a Liberty Street Economics blog post titled “The Rise of Sponsored Service for Clearing Repo.”

 

International

European Commission

European Commission and World Bank Group Deepen Partnership for Infrastructure and Jobs

October 7, 2025

The European Commission, in line with its Global Gateway investment strategy, and the World Bank Group are deepening their strategic partnership to drive a new generation of connectivity projects.

 

European Banking Authority

EBA: Anti-Money Laundering and Countering the Financing of Terrorism Supervision of Banks Is Improving

October 8, 2025

The European Banking Authority (EBA) published a report that takes stock of the actions taken by all competent authorities to address the EBA’s findings and recommendations.

 

Bank of England

Speech: ‘Uncertainty, structural change and monetary policy strategy’

October 8, 2025

Bank of England (BOE) Chief Economist Huw Pill gave a speech titled “Uncertainty, structural change and monetary policy strategy” at the Maxwell Fry Lecture of the Money, Macro and Finance Society at the University of Birmingham.

 

Speech: ‘From new ideas to new market structures, how innovation is reshaping the financial system’

October 8, 2025

BOE Executive Director Sasha Mills gave a speech titled “From new ideas to new market structures, how innovation is reshaping the financial system” at AFME OPTIC Conference in Amsterdam.

 

Systemic Risk Survey Results — H2 2025

October 8, 2025

The BOE released the results of the Systemic Risk Survey for H2 2025.

 

Financial Policy Committee Record — October 2025

October 8, 2025

The BOE released the record of the Financial Policy Committee meeting on Oct. 2.

 

BOE Releases Minutes of London FXJSC Operations Sub-Committee Meeting

October 8, 2025

The BOE released the minutes of the London Foreign Exchange Joint Standing Committee Operations Sub-Committee held on June 18.

 

BOE Releases Minutes of London FXJSC Legal Sub-Committee Meeting

October 8, 2025

The BOE released the minutes of the London Foreign Exchange Joint Standing Committee (FXJSC) Legal Sub-Committee meeting held on June 24.

 

BOE Releases Minutes of London FXJSC Main Committee Meeting

October 8, 2025

The BOE released the minutes of the London Foreign Exchange Joint Standing Committee main meeting held on June 26.

 

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 Michelle W. Bowman (sworn in November 26, 2018)
  • Governor Christopher J. Waller (sworn in December 18, 2020)
  • Governor Lisa D. Cook (sworn in September 13, 2022; purportedly terminated August 25, 2025)
  • 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)

  • Vice Chairman Vacant
  • Director Vacant
  • Director Rodney Hood (Acting 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 – Caroline D. Pham (Acting Chairman effective January 20, 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

Contributors

Image: Lawrence D. Kaplan
Lawrence D. Kaplan

Of Counsel, Corporate Department


Image: Jason Shafer
Jason Shafer

Of Counsel, Corporate Department


Image: Kris Knabe
Kris Knabe

Of Counsel, Litigation Department


Practice Areas

Bank Regulatory

Financial Services


For More Information

Image: Lawrence D. Kaplan
Lawrence D. Kaplan

Of Counsel, Corporate Department

Image: Jason Shafer
Jason Shafer

Of Counsel, Corporate Department

Image: Kris Knabe
Kris Knabe

Of Counsel, Litigation Department