Daily Financial Regulation Update - Friday, November 13, 2026
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Major Developments
Office of the Comptroller of the Currency
OCC’s Semiannual Risk Perspective Highlights Key Risks in Federal Banking System
November 12, 2026
The Office of the Comptroller of the Currency released its Semiannual Risk Perspective for Fall 2026.
Federal Agencies
Federal Reserve Board
Federal Reserve Board Announces Pricing, Effective Jan. 1, 2027, for Payment Services the Federal Reserve Banks Provide to Banks and Credit Unions, and Changes to Streamline and Adjust Their Check Services
November 12, 2026
The Federal Reserve Board announced pricing, effective Jan. 1, 2027, for payment services the Federal Reserve Banks provide to banks and credit unions.
Federal Reserve Announces Revised Tentative Schedule of Federal Open Market Committee Meetings in 2027
November 12, 2026
The Federal Reserve announced a revised tentative schedule of Federal Open Market Committee meetings in 2027.
Speech: ‘American Inequality and the Future of AI’
November 12, 2026
Federal Reserve Board Gov. Michael S. Barr gave a speech titled “American Inequality and the Future of AI” at Yale University.
Paper: ‘Artificial Intelligence and the US Economy: Current Evidence’
November 12, 2026
The Federal Reserve Board published a paper titled “Artificial Intelligence and the U.S. Economy: Current Evidence.”
Report: ‘Federal Reserve: Security Control Review of Select Information Systems’
November 12, 2026
The Office of Inspector General for the Federal Reserve Board and the Consumer Financial Protection Bureau published a security control review of select Board information systems.
Paper: ‘A Common Pattern behind Diverging Fortunes: US Tariffs and Exports From Canada and Mexico’
November 9, 2026
The Federal Reserve Board published a FEDS Note titled “A Common Pattern behind Diverging Fortunes: U.S. Tariffs and Exports from Canada and Mexico.”
Paper: ‘US Private Credit Vehicles: Institutional Structure and Aggregate Balance Sheets’
November 9, 2026
The Federal Reserve Board published a FEDS Note titled “U.S. Private Credit Vehicles: Institutional Structure and Aggregate Balance Sheets.”
Paper: ‘Gold Reserve Relocations: Are They Always Bad News for US Dollar Reserves?’
November 9, 2026
The Federal Reserve Board published a FEDS Note titled “Gold Reserve Relocations: Are They Always Bad News for U.S. Dollar Reserves?”
Paper: ‘The Effect of Oil Prices on Core Inflation: Recent Evidence From the Advanced Economies’
November 9, 2026
The Federal Reserve Board published a FEDS Note titled “The Effect of Oil Prices on Core Inflation: Recent Evidence from the Advanced Economies.”
Federal Reserve Bank of New York
Blog: ‘Banking System Vulnerability: 2026 Update’
November 12, 2026
The Federal Reserve Bank of New York published a Liberty Street Economics blog post titled “Banking System Vulnerability: 2026 Update.”
Securities and Exchange Commission
Remarks: Chairman Atkins at the 2026 Corporate Financial Reporting Insights Conference
November 12, 2026
Securities and Exchange Commission Chairman Paul S. Atkins delivered remarks at the 2026 Corporate Financial Reporting Insights Conference.
Speech: ‘The Economics of Attention’
November 11, 2026
Securities and Exchange Commission Chief Economist and Director of the Division of Economic and Risk Analysis Joshua White gave a speech titled “The Economics of Attention” at the National Association of Corporate Directors Nashville chapter.
Remarks: Director Woodcock at the 26th Annual A.A. Sommer Lecture
November 10, 2026
Securities and Exchange Commission Division of Enforcement Director David Woodcock delivered remarks at the 26th Annual A.A. Sommer Lecture.
FINRA
SR-FINRA-2026-025: Proposed Rule Change to Amend FINRA Rule 6121.02 (Market-Wide Circuit Breakers in NMS Stocks)
November 12, 2026
FINRA filed a proposed rule change concerning the resumption of trading following a Level 3 market-wide circuit breaker halt in connection with the industry’s expansion of trading hours to 23 hours per day, five days per week.
SR-FINRA-2026-024: Proposed Rule Change to Amend the FINRA By-Laws, the FINRA Regulation By-Laws, the Plan of Allocation and Delegation of Functions by FINRA to Subsidiaries, and FINRA’s Restated Certificate of Incorporation
November 11, 2026
FINRA filed a proposed rule change with the Securities and Exchange Commission to revise its governance structure.
SR-FINRA-2026-023: Proposed Rule Change to Adopt FINRA Rule 1240.03 (Senior Leader Regulatory Element Interim Program)
November 11, 2026
FINRA filed a proposed rule change to establish an interim program of Regulatory Element continuing education for senior leaders.
State Agencies
New York Department of Financial Services
Guidance on Advertising and Marketing
November 12, 2026
The New York Department of Financial Services issued guidance on advertising and marketing.
International
European Banking Authority
Speech: ‘Resilience and Competitiveness for a Diverse EU Single Market’
November 12, 2026
The European Banking Authority published a speech titled “Resilienz und Wettbewerbsfähigkeit für einen EU-Binnenmarkt in Vielfalt” (“Resilience and Competitiveness for a Diverse EU Single Market”).
UK Financial Conduct Authority
CP26/40: Exempting Performance Fees From the Workplace Pensions Charge Cap
November 12, 2026
The Financial Conduct Authority published a consultation paper on proposals to exempt certain performance fees from the charge cap for workplace default pension schemes.
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 S. 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 advanced to Senate September 17, 2026)
National Credit Union Administration – John Crews (Chairman effective August 24, 2026)
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 – Jenna Casanova (Acting) (effective August 2026)
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 the Consolidated 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.