PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Monday, April 20, 2026
April 20, 2026
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
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Federal Agencies
Federal Reserve Board
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Agencies Issue Revised Model Risk Guidance
April 17, 2026
The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency issued revised model risk management guidance.
- Revised Guidance
- Press Release
- Fed Supervision and Regulation Letter
- FDIC Financial Institution Letter
- OCC Bulletin
Federal Reserve Board
Speech: ‘One Transitory Shock After Another’
April 17, 2026
Federal Reserve Board Governor Christopher J. Waller gave a speech titled “One Transitory Shock After Another” at the David Kaserman Memorial Lecture at Auburn University’s Department of Economics in Auburn, AL.
Federal Reserve Bank of New York
Report: ‘Artificial Intelligence and Monetary Policy: A Framework and Perspective on Cyclical Transmission, Structural Transition, and Financial Stability’
April 17, 2026
The Federal Reserve Bank of New York published a staff report titled “Artificial Intelligence and Monetary Policy: A Framework and Perspective on Cyclical Transmission, Structural Transition, and Financial Stability.”
Report: ‘Financial Shocks, Productivity, and Prices’
April 17, 2026
The Federal Reserve Bank of New York published a staff report titled “Financial Shocks, Productivity, and Prices.”
Federal Reserve Bank of Boston
Boston Fed Releases Report on New England Economic Conditions
April 17, 2026
The Federal Reserve Bank of Boston released a report on the New England Economic Conditions through April 14, 2026.
Working Paper: ‘The Price-change Statistics We’ve Weighted For’
April 17, 2026
The Federal Reserve Bank of Boston’s Research Department released a working paper titled “The Price-change Statistics We’ve Weighted For.”
Commodity Futures Trading Commission
CFTC and Kansas State University Announce Return of AgCon Conference
April 17, 2026
The Commodity Futures Trading Commission and the Risk Management Center at Kansas State University announced the return of the Agricultural Commodity Futures Conference, known as AgCon.
Ginnie Mae
Global Markets Analysis Report — March 2026
April 17, 2026
Ginnie Mae released the Global Markets Analysis Report for March 2026.
International
European Banking Authority
EBA Responds to European Commission’s Consultation on EU Banking Sector Competitiveness
April 17, 2026
The European Banking Authority published its response to the European Commission’s consultation on strengthening the competitiveness of the EU banking sector.
Bank of England
Consultation Paper: ‘The Bank of England's fees regime for financial market infrastructure supervision 2026/27’
April 17, 2026
The Bank of England released a consultation paper titled “The Bank of England's fees regime for financial market infrastructure supervision 2026/27.”
Bank Releases Minutes of the SONIA Stakeholder Advisory Group Meeting
April 17, 2026
The Bank of England released the minutes of the SONIA Stakeholder Advisory Group meeting held March 24, 2026.
Bank of England Prudential Regulation Authority
PRA Releases Business Plan 2026/27
April 17, 2026
The Prudential Regulation Authority (PRA) released the 2026/27 Business Plan. Alongside the plan, the PRA released a consultation paper titled “Regulated fees and levies: Rates proposals 2026/27.”
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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