Daily Financial Regulation Update -- Wednesday, November 5, 2025

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Federal Agencies

Federal Reserve Bank of New York

Blog: ‘Banking System Vulnerability: 2025 Update’

November 4, 2025

The Federal Reserve Bank of New York published a Liberty Street Economics blog post titled “Banking System Vulnerability: 2025 Update.”

• Blog

 

Conference of State Bank Supervisors

Conference Says Tokenized Deposit Guidance and Robust Stablecoin Rules Must Be Issued in Tandem

November 4, 2025

The Conference of State Bank Supervisors outlined important policy considerations to foster a national regulatory framework for stablecoins and tokenized deposits that protects consumers, promotes financial stability, and provides a level playing field for traditional financial institutions and new payment stablecoin issuers.

• Press Release
• Letter to Federal Banking Agencies
• Letter to Treasury

 

Federal Housing Finance Agency

Agency Releases August 2025 Report on Foreclosure Prevention and Refinance

November 4, 2025

The Federal Housing Finance Agency released the Foreclosure Prevention, Refinance and Federal Property Manager’s Report for August 2025.

• Report

 

International

European Banking Authority

EBA Releases Updates for Consistency With New Regulatory and Reporting Frameworks

November 4, 2025

The European Banking Authority (EBA) released several updates to ensure consistency with the latest regulatory and reporting framework developments, including enhancements to mapping and signposting tools to reflect changes in Pillar 3 and supervisory reporting requirements.

• Press Release

 

Bank of England

Minutes of the CBDC Engagement Forum — May 2025

November 4, 2025

The Bank of England released the minutes of the CBDC Engagement Forum held in May 2025.

• Minutes

 

Financial Conduct Authority

Speech: ‘Resilient futures: strengthening financial capability and inclusion for all’

November 4, 2025

Financial Conduct Authority CEO Nikhil Rathi gave a speech titled “Resilient futures: strengthening financial capability and inclusion for all” at the Fair4All Finance Delivering Financial Inclusion Together Conference.

• Speech

 

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)

• 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 – 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