PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Saturday, October 24, 2020
October 24, 2020
FedACTion Task Force
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PH Client Alerts
Click here to read more from our Coronavirus series.
Congress
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 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.
Federal Agencies
Federal Reserve Board
Economics and Epidemics: Evidence from an Estimated Spatial Econ-SIR Model
October 23, 2020
The Divisions of Research & Statistics and Monetary Affairs of the Federal Reserve Board released a paper titled “Economics and Epidemics: Evidence from an Estimated Spatial Econ-SIR Model.” According to the paper, economic analysis of effective policies for managing epidemics requires an integrated economic and epidemiological approach.
Federal Reserve Bank of New York
How Has China’s Economy Performed under the COVID-19 Shock?
October 23, 2020
The Federal Reserve Bank of New York’s Liberty Street Economics blog released a post titled “How Has China’s Economy Performed under the COVID-19 Shock?” The authors examine the impact of the COVID-19 crisis on China’s Gross Domestic Product growth using a set of alternative growth indicators.
Treasury Market Liquidity and Early Lessons from the Pandemic Shock
October 23, 2020
Lorie K. Logan, Executive Vice President at the Federal Reserve Bank of New York, gave remarks at the Brookings-Chicago Booth Task Force on Financial Stability meeting on Treasury market liquidity and early lessons from the COVID-19 shock.
At the New York Fed: Sixth Annual Conference on the U.S. Treasury Market
October 23, 2020
The Federal Reserve Bank of New York’s (New York Fed) Liberty Street Economics blog released a post titled “At the New York Fed: Sixth Annual Conference on the U.S. Treasury Market.”
Federal Reserve Bank of Boston
The COVID-19 Recession: Why It’s Different, What That Means for Cities, Service Workers, and Education
October 23, 2020
Christopher Foote, Senior Economist and Policy Advisor at the Federal Reserve Bank of Boston (Boston Fed), discussed COVID-19’s impact on the Boston Fed’s podcast, Six Hundred Atlantic.
International
European Commission
Latest Eurobarometer Survey (July-August): Economic Situation is EU Citizens’ Top Concern in Light of the Coronavirus Pandemic
October 23, 2020
According to a Standard Eurobarometer survey released by the European Commission, trust in the EU remains stable in a troubled period marked by the COVID-19 pandemic, and Europeans trust the EU to make the right decisions in response to the COVID-19 pandemic in the future.