PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Tuesday, August 4, 2026
August 04, 2026
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
Subscribe to PH FedACTion: Financial Regulatory Updates
Subscribe to the PHFintech: Crypto Policy Tracker
Federal Agencies
US Department of the Treasury
Economy Statement — Treasury Borrowing Advisory Committee
August 3, 2026
The Treasury Borrowing Advisory Committee issued an economy statement.
Treasury Announces Marketable Borrowing Estimates
August 3, 2026
The Department of the Treasury announced its current estimates of privately-held net marketable borrowing for the quarters of July – September 2026 and October – December 2026.
Federal Reserve Board
Senior Loan Officer Opinion Survey on Bank Lending Practices — July
August 3, 2026
The Federal Reserve Board released the results of the Senior Loan Officer Opinion Survey on Bank Lending Practices for July 2026.
Federal Reserve Bank of New York
Key Takeaways From John Williams’ Interview With Reuters
August 3, 2026
The Federal Reserve Bank of New York published a Teller Window article outlining key takeaways from a Reuters interview with New York Federal Reserve Bank President John Williams, who discussed his outlook for inflation, monetary policy and the Federal Open Market Committee’s commitment to achieving price stability.
Federal Reserve Bank of Boston
Working Paper: ‘Do Actions Match Words? Reassessing the Taylor Rule in an Emerging-Market Context’
August 3, 2026
The Federal Reserve Bank of Boston’s Research Department published a working paper titled “Do Actions Match Words? Reassessing the Taylor Rule in an Emerging-market Context.”
Office of the Comptroller of the Currency
OCC Requests Comment on Proposed Rulemaking on the OCC Rules Regarding the Availability of OCC Information
August 3, 2026
The Office of the Comptroller of the Currency (OCC) requested comment on a proposal to implement structural and substantive changes to its rules governing the disclosure of OCC information.
FINRA
FINRA Reminds Registered Persons and Firms of Continuing Education Requirements
August 3, 2026
FINRA issued an information notice reminding registered persons and firms of the continuing education requirements.
International
European Banking Authority
The EBA Publishes a No-Action Letter and Technical Considerations to Support the Implementation of the Market Risk Framework for EU Banks
August 3, 2026
The European Banking Authority published a no-action letter on the boundary between the banking book and the trading book and shared technical clarifications on issues linked to the European Commission’s Delegated Act modifying the calculation of own funds requirements for market risk based on the Fundamental Review of the Trading Book (FRTB) framework.
EBA, EIOPA and ESMA Propose Amendments to Bilateral Margin Requirements
August 3, 2026
The European Supervisory Authorities (EBA, EIOPA and ESMA — the ESAs) published a final report on draft Regulatory Technical Standards (RTS), proposing to simplify the bilateral margin requirements of the European Commission’s Delegated Regulation (EU) 2016/2251.
Financial Conduct Authority
FCA Finalizes Rules to Cut Firms’ Transaction Reporting Costs by Over £100 Million a Year
August 3, 2026
The Financial Conduct Authority has finalized rules designed to make transaction reporting requirements smarter, simpler and more proportionate.
Administration Changes
Vacancies
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
Contributors
Practice Areas
For More Information