PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Monday, September 21, 2026
September 21, 2026
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
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Congress
US House
Committee on Financial Services
Field Hearing: ‘Main Street Capital Access Act: Empowering Community Banks to Drive Economic Growth’
September 18, 2026
The House Committee on Financial Services Subcommittee on Financial Institutions held a field hearing titled “Main Street Capital Access Act: Empowering Community Banks to Drive Economic Growth.”
Federal Agencies
Federal Reserve Board
Vice Chair’s Speech: ‘Initial Findings From Independent Review of Silicon Valley Bank’
September 18, 2026
Federal Reserve Vice Chair for Supervision Michelle W. Bowman gave a speech announcing the initial findings from the independent review of the failure of Silicon Valley Bank at the luncheon of the Lord Mayor City of London at Mansion House, London.
Vice Chair’s Speech: ‘The Final Chapter on Modernizing Bank Regulatory Stress Testing’
September 18, 2026
Federal Reserve Vice Chair for Supervision Michelle W. Bowman gave a speech titled “The Final Chapter on Modernizing Bank Regulatory Stress Testing” at the luncheon of the Lord Mayor City of London at Mansion House, London.
Working Paper: ‘Premiums or Peril’
September 18, 2026
The Federal Reserve Board published a working paper titled “Premiums or Peril.”
Working Paper: ‘Estimating Yield Impacts of Treasury Demand and Supply Changes’
September 18, 2026
The Federal Reserve Board published a working paper titled “Estimating Yield Impacts of Treasury Demand and Supply Changes.”
Federal Reserve Bank of New York
Blog: ‘The New York Fed DSGE Model Forecast — September 2026’
September 18, 2026
The Federal Reserve Bank of New York published a Liberty Street Economics blog post titled “The New York Fed DSGE Model Forecast — September 2026.”
Federal Deposit Insurance Corporation
FDIC Releases Results of Summary of Deposits Annual Survey
September 18, 2026
The Federal Deposit Insurance Corporation released results of its annual survey of branch office deposits for all FDIC-insured institutions as of June 30, 2026.
Securities and Exchange Commission
Enforcement Director’s Remarks Before the 12th Annual Government Enforcement Institute
September 18, 2026
Securities and Exchange Commission Division of Enforcement Director David Woodcock gave a speech titled “Remarks Before 12th Annual Government Enforcement Institute.”
International
European Banking Authority
The EBA Publishes Final Guidelines on the Management of Third-Party Risk
September 18, 2026
The European Banking Authority published guidelines addressing third-party arrangements supporting critical or important functions (CIFs), the disruption of which would materially impair the performance of a financial entity.
Bank of England
Working Paper: ‘One Dollar, Many Prices: Dealer-Specific Pricing of Synthetic Dollar Funding’
September 18, 2026
The Bank of England published a staff working paper titled “One dollar, many prices: dealer-specific pricing of synthetic dollar funding.”
Market Participants Survey Results — September
September 18, 2026
The Bank of England released the results of the September 2026 Market Participants Survey.
Minutes of the Transaction and Post-Trade Reporting Harmonization Taskforce — July
September 18, 2026
The Bank of England released the minutes and supporting materials of the Transaction and Post-Trade Reporting Harmonization Taskforce meeting held July 3.
Release: ‘Consolidated Worldwide Claims — Q2 2026’
September 18, 2026
The Bank of England released the consolidated worldwide claims for the second quarter.
UK Financial Conduct Authority
Speech: ‘Building a Stronger UK Investment Culture’
September 18, 2026
Financial Conduct Authority Director of Consumer Investments Lucy Castledine gave a speech titled “Building a stronger UK investment culture” at the 2026 Investor Summit.
Administration Changes
Appointments/Confirmation Hearings
U.S. Department of the Treasury – Scott Bessent (effective January 27, 2025)
Federal Reserve Board – Kevin Warsh (effective May 22, 2026)
- 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)
- Governor Jerome H. Powell (sworn in June 16, 2014)
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 (effective January 13, 2026)
- Vice Chairman Vacant
- Director Vacant
- Director Jonathan Gould (Comptroller of the Currency)
- Acting Director Mark Paoletta (Acting 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 (effective December 22, 2025)
Consumer Financial Protection Bureau – Mark Paoletta (Acting Director effective August 1, 2026); Nominee Brian Johnson (nominated June 10, 2026 – nomination hearing July 24, 2026)
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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