Daily Financial Regulation Update -- Wednesday, July 30, 2025

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Federal Agencies

Federal Housing Finance Agency

FHFA House Price Index® Down 0.2% in May; Up 2.8% From Last Year

July 29, 2025

The Federal Housing Finance Agency released the House Price Index for May 2025.

• Report
• Press Release

 

International

Bank of England

Money and Credit — June 2025

July 29, 2025

The Bank of England released the Money and Credit statistics and effective interest rates for June 2025.

• Money and Credit
• Effective Interest Rates

 

Consultation Paper: Proposal to Extend RT2 and CHAPS Settlement Hours (Phase 1)

July 29, 2025

The Bank of England published a consultation paper entitled “Proposal to extend RT2 and CHAPS settlement hours (phase 1).”

• Consultation Paper

 

Paper: An FPC Response — 2024 O-SII Buffer Framework Review

July 29, 2025

The Bank of England published a paper containing responses from the Financial Policy Committee (FPC) on feedback to the FPC consultation paper, 2024 O-SII buffer framework review.

• Paper

 

Minutes of the UK Money Markets Code Sub-Committee — June 2025

July 29, 2025

The Bank of England released the minutes of the U.K. Money Markets Code Sub-Committee meeting held June 10, 2025.

• Minutes

 

Bank of England Prudential Regulation Authority

Other Systemically Important Institutions (O-SII) Buffer Rates for Ring-Fenced Banks and Large Building Societies

July 29, 2025

The Prudential Regulation Authority has reissued the 2024 O-SII buffer rates for ring-fenced banks and large building societies to reflect the FPC’s updated O-SII buffer framework.

• Publication

 

Financial Conduct Authority

Paper: A Closer Look at the UK Tick Size

July 29, 2025

The Financial Conduct Authority published a research paper entitled “A closer look at the U.K. tick size.”

• Paper

 

Wider Implications Framework

July 29, 2025

Financial Conduct Authority released the Wider Implications Framework Annual Report 2024/25.

• Report

 

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)
• Governor Adriana D. Kugler (sworn in September 13, 2023)

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 – Brian Quintenz (nominated February 11, 2025); Caroline D. Pham (Acting Chairman effective January 20, 2025)

Consumer Financial Protection Bureau – Jonathan McKernan (nominated February 11, 2025); 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