FinReg Library: A Consolidated Tracker for Bank Crisis Legislation and Regulation

During this bank crisis (as during every prior one we can recall), market participants have been forced to follow regulatory developments as actively as financial ones. The lack of a centralized source for this information— which is spread across the websites of a long list of federal and state entities—is a major pain point. To help you save time, below we have compiled as much as practical on:

• Regulators’ post-mortem reports on recent bank failures

• Hearings (upcoming and past) on the bank crisis

• Banking legislation introduced in Congress since the start of the crisis

• Reports from the Congressional Research Service

• Links to relevant documents and transcripts

Regulatory Reports on Recent Bank Failures

• May 1, FDIC, Options for Deposit Insurance Reform

• April 28, FDIC, Review of Supervision of Signature Bank

• April 28, FRB, Review of Supervision and Regulation of Silicon Valley Bank

• April 28, New York DFS, Review of Supervision and Closure of Signature Bank

• April 28, GAO, Preliminary Review of Agency Actions Related to March 2023 Bank Failures

Upcoming Hearings Related to the Bank Crisis

• May 11, 10am ET, Oversight of Silicon Valley Bank and Signature Bank: GAO’s Preliminary Review

  • House Financial Services Committee: Subcommittee on Oversight and Investigations     

• May 10, 10am ET, Proposed Rulemaking on Special Assessments Pursuant to Systemic Risk Determination   
  • FDIC Board of Directors     

• May 10, 2pm ET, Federal Responses to Recent Bank Failures
  • House Financial Services Committee: Subcommittee on Financial Institutions and Monetary Policy, video and committee memorandum
  • Witnesses: Ms. Margaret E. Tahyar, Partner, Davis Polk & Wardell LLP, Mr. Jonathan Gould, Partner, Jones Day   

• May 4, Holding Executives Accountable After Recent Bank Failures                 

  • Senate Banking Committee

    • Chairman Sherrod Brown 

    • Ranking Member Tim Scott 

• • Witnesses       

    • Ms. Da Lin, Assistant Professor Of Law, University of Richmond School of Law, transcript

    • Mr. Thomas Quaadman, EVP, Center For Capital Market Competitiveness, U.S. Chamber of Commerce, transcript             

    • Professor Heidi Mandanis Schooner, Columbus School of Law, The Catholic University of America, transcript                        

• March 29, The Federal Regulators' Response to Recent Bank Failures, video and committee memorandum
  • House Financial Services Committee, committee memorandum
  • Witnesses                          
    • Martin J. Gruenberg, Chairman, Board of Directors of the FDIC, transcript
    • Michael S. Barr, Vice Chair for Supervision, Board of Governors of the Federal Reserve, transcript
    • Nellie Liang, Under Secretary for Domestic Finance, U.S. Department of Treasury, transcript                   
      
      
• March 28, Recent Bank Failures and the Federal Regulatory Response
  • Senate Banking Committee                         
    • Chairman Sherrod Brown, member statement                       
    • Ranking Member Tim Scott, member statement                   
  • Witnesses
    • Martin J. Gruenberg, Chairman, Board of Directors of the FDIC, transcript                  
    • Michael S. Barr, Vice Chair for Supervision, Board of Governors of the Federal Reserve, transcript                        
    • Nellie Liang, Under Secretary for Domestic Finance, U.S. Department of Treasury, transcript                          

Proposed Banking Legislation in the 118th Congress

Congressional Research Service Reports on Finance Since the Start of the Bank Crisis

• May 2, IN12151, Recent Mortgage Pricing Directive for Fannie Mae and Freddie Mac

• May 1, IF11361, The World Bank

• April 25, IN12148, The Role of Cryptocurrency in the Failures of Silvergate, Silicon Valley, and Signature Banks

• April 20, IF11471, Central Bank Digital Currencies

• April 18, IN12146, CFPB Proposes New Credit Card Late Fee Regulation

• April 12, IF11062, Introduction to Financial Services: Capital Markets

• April 7, LSB10946, Silicon Valley Bank’s Failure and Potential Director/Officer Liability

• April 7,IN12141, The Silicon Valley Bank Failure’s Capital Markets Implications

• March 31, IN12134, Bank Term Funding Program (BTFP) and Other Federal Reserve Support to Banking System in Turmoil

• March 28, IN12129, Silicon Valley Bank, Signature Bank, and P.L. 115-174: Part 1 (Background and Policy Options)

• March 28, IN12130, Silicon Valley Bank, Signature Bank, and P.L. 115-174: Part 2 (Issues Surrounding Their Failures)

• March 27, IF12328, Department of Labor Guidance and Regulations on Selecting Private-Sector Pension Plan Investments

• March 27, IF12361, Deposit Insurance and the Failures of Silicon Valley Bank and Signature Bank

• March 26, R47170, Financial Services and General Government (FSGG) FY2023 Appropriations: Overview

• March 23, IF10055, Bank Failures and the FDIC

• March 21, IN12125, Silicon Valley Bank and Signature Bank Failures

• March 20, LSB10937, The Role of Bridge Banks in FDIC Receiverships

• March 15, R47475, Consumer Finance and Financial Technology (Fintech)

• March 13, R47434, Banking, Data Privacy, and Cybersecurity Regulation

• March 9, R47447, Bank Capital Requirements: A Primer and Policy Issues

This blog post is for informational purposes only. The information contained in this blog post is not legal, tax, or investment advice. FactSet does not endorse or recommend any investments and assumes no liability for any consequence relating directly or indirectly to any action or inaction taken based on the information contained in this article.