PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Wednesday, August 27, 2025
August 27, 2025
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
Federal Reserve Board
Federal Reserve Board Releases Minutes of Discount Rate Meetings
August 26, 2025
The Federal Reserve Board released the minutes from its recent meetings held on July 21 and July 30 to review and determine the discount rates provided to depository institutions through the discount window.
Federal Reserve Bank of New York
Speech: ‘All the Stars We Cannot See’
August 26, 2025
Federal Reserve Bank of New York President and CEO John C. Williams gave a speech titled “All the Stars We Cannot See” at the Banco de México Centennial Conference in Mexico City.
Federal Deposit Insurance Corporation
FDIC-Insured Institutions Reported Return on Assets of 1.13% and Net Income of $69.9 Billion in Q2 2025
August 26, 2025
The Federal Deposit Insurance Corporation released the results of its latest Quarterly Banking Profile, a comprehensive summary of financial results based on reports from 4,421 insured commercial banks and savings institutions.
Commodity Futures Trading Commission
CFTC Commissioner Announces Departure
August 26, 2025
Commodity Futures Trading Commission Commissioner Kristin Johnson issued a statement announcing her departure from the commission.
Federal Housing Finance Agency
US House Prices Rise 2.9% Year Over Year; Unchanged Quarter Over Quarter
August 26, 2025
U.S. house prices rose 2.9% between the second quarter of 2024 and the second quarter of 2025, according to the U.S. Federal Housing House Price Index.
Bank Policy Institute
eSLR Proposal Is Important Step to Rationalize Capital Framework
August 26, 2025
The Bank Policy Institute issued a comment letter to the Federal Reserve Board, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency regarding the recent request for comment on the proposal concerning revisions to the enhanced supplementary leverage ratio (eSLR).
International
European Banking Authority
EBA Updates Data Used for Identifying Global Systemically Important Institutions (G-SIIs)
August 26, 2025
The European Banking Authority released an updated set of 13 indicators and supporting data for the 32 largest institutions in the European Union, each with a leverage ratio exposure measure exceeding €200 billion.
Bank of England
Speech: ‘Five ‘C’s for Central Bank Research’
August 26, 2025
Monetary Policy Committee Member Catherine L. Mann gave a speech titled “Five ‘C’s for Central Bank Research” at The Future of Central Banking conference on the occasion of Banco de México’s 100th anniversary.
Financial Conduct Authority
First PISCES Operator Gets Greenlight in Drive for Growth
August 26, 2025
The Financial Conduct Authority approved the London Stock Exchange to operate a PISCES platform, a new type of private stock market.
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)
- Stephen Miran (nominated August 7, 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 Rodney Hood (Acting 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 – Brian Quintenz (nominated February 11, 2025); Caroline D. Pham (Acting Chairman effective January 20, 2025)
Consumer Financial Protection Bureau – Jonathan McKernan (nominated February 11, 2025); 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
Contributors
Practice Areas
For More Information