U.S. Financial Regulatory Week Ahead

Nov 4

We’re Into Week Six of the Government Shutdown, OCC Comptroller Gould is Giving Two Interesting Speeches, and, Beyond That, Nothing Really is Going on in Washington…

November 3 - 7, 2025

First, our apologies: We are a day late getting this out due to personal travel. But you really are not missing anything with the federal government shutdown now into week six. The only two major events/issues we would flag are two speeches being given by Comptroller of the Currency Jonathan Gould on the future regulatory landscape. Gould, along with Fed Chair for Supervision Michelle Bowman, is clearly beginning to lay out what is likely to be an ambitious regulatory revamp in the coming year, so it might be wise to listen to what Gould has to say.

And speaking of Vice Chair Bowman, last week it was reported that Bowman is planning to reduce the banking supervision staff by 30 percent by the end of next year. That would bring the supervision and regulation division down to approximately 350 people (it was previously 500+).

Beyond that, there are a number of Fed speeches (nothing unusual here: There are always a number of Fed speeches every week, both from Board members and regional Fed presidents). We would note at the time of this writing, hope seems to be rising a bit that the government shutdown will end by the end of this week. Senate Majority Leader John Thune (R-SD) has told reporters he’s “optimistic.” We hope so!

Below is the full report of all financial regulatory events we could find happening this week. Please let us know if you have any questions.

U.S. Congressional Hearings

U.S. Senate

· The US Senate is in session, but there are no significant committee hearings scheduled. Most have been postponed due to the government shutdown.

House of Representatives

· There are no significant events scheduled at this time as the House remains out of session as long as the federal government is shutdown.

Federal Department & Regulatory Agency Meetings & Events

Federal Reserve Board and Federal Reserve Banks

· Monday, November 3, 2:00 p.m. – Federal Reserve Board Governor Lisa Cook gives a speech on the outlook for the economy and monetary policy at the Brookings Institution in Washington, D.C.

· Tuesday, November 4, 3:30 p.m. (Madrid) – Federal Reserve Board Vice Chair for Supervision ice Chair for Supervision Michelle W. Bowman gives a speech on bank supervision and monetary policy at the 2025 Santander International Banking Conference, Madrid, Spain.

· Thursday, November 6, 3:30 p.m. Federal Reserve Board Governor Christoper Waller gives a speech on central banking and the future of payments at the Bank of Canada 2025 Annual Economic Conference in Ottawa, Canada.

· Thursday, November 6, 9:00 a.m. – Federal Reserve Board Governor Michael Barr participates in a virtual “Community Development" discussion hosted by Fed Communities.

· Thursday, November 6, 10:00 a.m. – New York Federal Reserve Bank President John Williams gives a lecture on “The Natural Rate of Interest" before an event organized by the Goethe University Institute for Monetary and Financial Stability (IMFS).

· Thursday, November 6, 10:00 a.m. – Cleveland Federal Reserve Bank President Beth Hammack speaks before an Economic Club of New York webinar.

· Thursday, November 6, 3:30 p.m. – St. Louis Federal Reserve Bank President Alberto Musalem speaks on the U.S. economy and monetary policy before the Fixed Income Analysts Society, Inc.

· Thursday, November 6, 2:30 p.m. –Philadelphia Federal Reserve Bank President Anna Paulson speaks on “The Federal Reserve Bank of Philadelphia's Consumer Finance Institute" before the “New Perspectives on Consumer Behavior in Credit and Payments Markets Conference 2025" hosted by the Federal Reserve Bank of Philadelphia.

· Friday, November 7, 8:00 a.m. (Frankfurt, Germany) – New York Federal Reserve Bank President John Williams gives a keynote before the ECB Conference on Money Markets 2025, organized by the European Central Bank.

· Friday November 7, 7:00 a.m. – Vice Chair Philip N. Jefferson gives a speech on AI and the Economy at the Euro20+, Frankfurt am Main, Germany.

· Friday, November 7, 3:00 p.m. – Federal Reserve Governor Stephen I. Miran gives a speech on Stablecoins and Monetary Policy at the BCVC Summit 2025, New York, New York.

U.S. Treasury Department