PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Wednesday, October 29, 2025
October 29, 2025
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
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Federal Agencies
U.S. Department of the Treasury
Statement: ‘U.S. Department of the Treasury and Bank Negara Malaysia’
October 28, 2025
The U.S. Department of the Treasury released a statement regarding its consultations on macroeconomics and foreign exchange matters with Bank Negara Malaysia.
Statement: ‘U.S. Department of the Treasury and the Bank of Thailand’
October 28, 2025
The U.S. Department of the Treasury released a statement regarding its consultations on macroeconomics and foreign exchange matters with the Bank of Thailand.
Office of the Comptroller of the Currency
OCC Requests Comments on Proposed Rescission of Its Recovery Planning Guidelines
October 27, 2025
The Office of the Comptroller of the Currency (OCC) requested comment on a proposal to rescind its recovery planning guidelines for certain large insured national banks, federal savings associations and federal branches.
Comptroller Issues Statement on Fed’s Proposal to Enhance Transparency and Public Accountability of Annual Stress Test
October 27, 2025
Comptroller of the Currency Jonathan V. Gould issued a statement following the Federal Reserve Board’s request for comment on its stress test models, changes to the framework that guides the design of the hypothetical scenarios and other elements of the stress test process.
FINRA
Blog: ‘Advancing FINRA’s Mission With AI’
FINRA published a blog titled “Advancing FINRA’s Mission With AI.”
Bank Policy Institute
Letter: Regulatory Inaction as the Overlooked Risk in Bank AI Adoption
October 28, 2025
The banking system and its customers would benefit from a regulatory approach that actively encourages artificial intelligence adoption, BPI said in a letter filed in response to the White House Office of Science and Technology Policy’s Request for Information on Regulatory Reform on Artificial Intelligence.
International
Bank of England Prudential Regulation Authority
Policy Statement: ‘Retiring the refined methodology to Pillar 2A’
October 28, 2025
The Prudential Regulation Authority published Policy Statement 18/25, “Retiring the refined methodology to Pillar 2A.”
Policy Statement: ‘Restatement of CRR requirements’
October 28, 2025
The Prudential Regulation Authority published Policy Statement 19/25, “Restatement of CRR requirements – 2027 implementation – near-final.”
Policy Statement: ‘The Strong and Simple Framework: the simplified capital regime for Small Domestic Deposit Takers’
October 28, 2025
The Prudential Regulation Authority published Policy Statement 20/25, “The Strong and Simple Framework: the simplified capital regime for Small Domestic Deposit Takers – near-final.”
Financial Conduct Authority
Article: ‘FCA seeks views on new short selling regime’
October 28, 2025
The Financial Conduct Authority published an article titled “FCA seeks views on new short selling regime.”
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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