PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Monday, October 27, 2025
October 27, 2025
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
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Federal Agencies
Fannie Mae
Fannie Mae Publishes October 2025 Economic and Housing Outlook
October 24, 2025
Fannie Mae’s monthly economic and housing outlook, published by the Economic and Strategic Research Group, is now available.
Bank Policy Institute
Blog: ‘Should Banks Hold Capital for an Asteroid Strike?’
October 24, 2025
The Bank Policy Institute published a blog titled “Should Banks Hold Capital for an Asteroid Strike?”
International
European Banking Authority
EBA Consults on SREP and Supervisory Stress Testing
October 24, 2025
The European Banking Authority launched a public consultation on its revised guidelines on common procedures and methodologies for the supervisory review and evaluation process (SREP) and supervisory stress testing.
Bank of England
Article: ‘All chips in! Would a fall in AI-related asset valuations have financial stability consequences?’
October 24, 2025
The Bank of England published a Bank Overground article titled “All chips in! Would a fall in AI-related asset valuations have financial stability consequences?”
BOE Governor Issues Letter on the Bank’s Black Future Leadership Sponsorship Programme
October 24, 2025
The Bank of England published a letter from its governor, Andrew Bailey, to Rupert Lowe MP on the bank’s Black Future Leadership Sponsorship Programme.
Working Paper: ‘Wage information and applicant selection’
October 24, 2025
The Bank of England published a working paper titled “Wage information and applicant selection.”
Working Paper: ‘Credit constraints and the redistribution of housing wealth’
October 24, 2025
The Bank of England published a working paper titled “Credit constraints and the redistribution of housing wealth.”
Working Paper: ‘Trade fragmentation, inflationary pressures and monetary policy’
October 24, 2025
The Bank of England published a working paper titled “Trade fragmentation, inflationary pressures and monetary policy.”
Financial Conduct Authority
Chancellor Launches Scale-Up Unit in Leeds to Help Firms Grow
October 24, 2025
The Chancellor of the Exchequer, Rachel Reeves MP, announced the launch of the FCA’s and Prudential Regulation Authority’s Scale-Up Unit.
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 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
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