PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Wednesday, November 19, 2025
November 19, 2025
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
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Major Developments
Office of the Comptroller of the Currency
OCC Confirms Bank Authority to Hold Certain Crypto Assets as Principal for Purposes of Paying Crypto Asset Network Fees
November 18, 2025
The Office of the Comptroller of the Currency confirmed permissible bank activities related to holding digital assets to pay for crypto asset network fees.
Federal Reserve Board
Federal Reserve Board Releases Information on Enhancements to Bank Supervision
November 18, 2025
The Federal Reserve Board released information on enhancements to bank supervision and focus on “material financial risks.”
Federal Agencies
Federal Reserve Board
Speech: ‘The Case for Strong, Effective Banking Supervision’
Governor Michael S. Barr delivered a speech titled “The Case for Strong, Effective Banking Supervision” at the Alan Meltzer Speaker Series at the Kogod School of Business at the American University in Washington, D.C.
Federal Reserve Bank of New York
Blog: ‘Banks Develop a Nonbank Footprint to Better Manage Liquidity Needs’
November 18, 2025
The Federal Reserve Bank of New York published a Liberty Street Economics blog post titled “Banks Develop a Nonbank Footprint to Better Manage Liquidity Needs.”
Bank Policy Institute
BPI Issues Statement on Improvements to Federal Reserve Supervision Framework
November 18, 2025
Bank Policy Institute President and CEO Greg Baer issued a statement regarding the Federal Reserve Board’s announcement on improvements to its supervision framework.
International
European Banking Authority
European Supervisory Authorities Designate Critical ICT Third-Party Providers Under DORA
November 18, 2025
The European supervisory authorities published the list of designated critical ICT third-party providers under the Digital Operational Resilience Act (DORA). This designation marks a crucial step in implementing the DORA oversight framework.
Bank of England Prudential Regulation Authority
FSCS Deposit Limit to Be Increased to £120,000 as of Dec. 1
November 18, 2025
The Prudential Regulation Authority (PRA) confirmed the deposit protection limit, which applies to the Financial Services Compensation Scheme, will protect up to £120,000 of a depositor’s money should their bank, building society or credit union fail.
Policy Statement: PS 24/25 — Depositor Protection
November 18, 2025
The PRA published Policy Statement 24/25 — Depositor Protection.
Financial Conduct Authority
FCA Approves PISCES Operator in Push for Growth
November 18, 2025
The Financial Conduct Authority approved a new type of private stock market intended to bring together buyers and sellers to trade shares in private companies intermittently.
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 Christopher J. Waller (sworn in December 18, 2020)
- Governor Lisa D. Cook (sworn in September 13, 2022 – SCOTUS hearing on purported termination to be held in January 2026)
- 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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