| Date | Action | Agency | Summary |
|---|---|---|---|
| 2025-01-29 | Extension of Form PF |
SEC
|
The SEC extended the deadline for private funds like private equity and private credit to disclose basic information about their operations and strategies to the SEC. The extension means private funds will remain opaque, even from the SEC, which will prevent the SEC from guarding against systemic risks. |
| 2025-01-28 | Offering deferred resignation to federal employees |
Other
|
OPM sent an email to career federal employees presenting what it described as a deferred resignation program, an offer to receive compensation until September 30, 2025 if they resign now (“Fork Directive” email). |
| 2025-01-28 | FDIC Rescinds Job Offers of 200 Bank Examiners |
FDIC
|
Fewer FDIC staff to supervise banks (now and in the future), manage the deposit insurance fund, conduct resolution of failed banks, and protect consumers will directly lead to a banking system that is weaker and less safe. A shortage of trained and experienced examiners was found to be a key cause of the 2023 bank failures. This decision will hurt the agency and banking system now and for years to come because the examiner pipeline will be empty. |
| 2025-01-23 | Rescission Staff Bulletin 121 |
SEC
|
The SEC rescinded guidance requiring companies holding crypto products to reflect them as liabilities on their balance sheets. The guidance the SEC rescinded protected customers by requiring banks to have capital to protect against the risk of loss inherent in crypto assets.
‹div class=”ewa-rteLine”>/div› Read Better Markets’ response here.
|
| 2025-01-21 | FDIC Leaves NGFS |
FDIC
Other
|
FDIC leaves the Network for Greening the Financial System (NGFS) |
| 2025-01-21 | OCC Leaves NGFS |
OCC
Other
|
OCC leaves the Network for Greening the Financial System (NGFS) |
