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PH FedACTion: Financial Regulatory Updates

Daily Financial Regulation Update -- Monday, November 28, 2022

November 28, 2022

By FedACTion Task Force

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International

Bank of England

The Bank of England's final policy on fees for non-UK Central Counterparties and non-UK Central Securities Depositories November 25, 2022

The Bank of England issued Policy Statements setting out the Bank of England's final policy on fees for non-UK central counterparties and non-UK central securities depositories.

Paper: The collection of slavery compensation, 1835-43

November 25, 2022

The Bank of England published a staff working paper entitled, "The collection of slavery compensation, 1835-43."

Minutes of Money Market Committee meeting – November 2022

November 25, 2022

The Bank of England released the minutes of the Money Market Committee meeting held on November 4, 2022.

Bank of England Releases Minutes of the London FXJSC Committee Meetings Held September 6-13.

November 25, 2022

The Bank of England released the minutes of the London Foreign Exchange Joint Standing Committee meetings held in September including the Legal Sub-Committee meeting on September 6, Operations Sub-Committee held on September 7, Operations Sub-Committee extraordinary meeting held September 12, and the main committee meeting held on September 13.

Speech: That was the year that was

November 24, 2022

Bank of England Deputy Governor Dave Ramsden gave a speech entitled, "That was the year that was."

Administration Changes

Vacancies

Federal Deposit Insurance Corporation

  • Chair – Vacant (Martin Gruenberg serves as Acting Chair and was nominated to serve as Chair November 14, 2022).
  • Vice Chairman – Travis Hill (nominated September 20, 2022)
  • Member – Jonathan McKernan (nominated September 20, 2022)

Office of the Comptroller of the Currency

  • Comptroller – Vacant (Michael Hsu serves as Acting Comptroller)

Appointments/Confirmation Hearings

U.S. Department of the Treasury – Janet Yellen (effective January 26, 2021)

Federal Reserve Board – Jerome H. Powell (effective May 23, 2022)

Federal Reserve Bank of New York – John C. Williams (effective June 18, 2018)

Federal Deposit Insurance Corporation – Martin Gruenberg (Acting Chair, appointed February 5, 2022)

Consumer Financial Protection Bureau – Rohit Chopra (effective October 12, 2021)

Securities and Exchange Commission – Gary Gensler (effective April 17, 2021)

Small Business Administration – Isabella Casillas Guzman (effective March 16, 2021)

Commodity Futures Trade Commission – Rostin Behnam (effective December 17, 2021)

Financial Crimes Enforcement Network

National Credit Union Administration – Todd M. Harper

U.S. Department of Housing and Urban Development – Marcia Fudge (effective March 10, 2021)

Federal Housing Finance Agency – Sandra L. Thompson, (confirmed May 25, 2022)

U.S. Department of Education – Dr. Miguel Cardona (effective March 2, 2021)

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 the Consolidated 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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