Trump presidency may lead to important changes to U.S. swap regulations
17 November 2016
The U.S.' political makeup is poised to change as a result of the elections held on November 8, 2016, in which Republican presidential nominee Donald J. Trump defeated Democratic nominee Hillary Clinton, and in which the Republican Party retained control of both the Senate and the House of Representatives. President-elect Trump has been an outspoken critic of the Dodd–Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act).1 His presidential transition website states that his Presidential Transition Team's "Financial Services Policy Implementation team will be working to dismantle the Dodd-Frank Act."2 Additional reforms, such as a modern-day Glass-Steagall Act or changes to the Federal Reserve Board, have also been contemplated by the President-elect, but are beyond the scope of this client alert.3 The Republican Party's consolidation of executive and legislative power is likely to facilitate the passage of changes that Republicans wish to make to the current financial services regulatory framework.
The Volcker Rule
Impact on Foreign Jurisdictions
Composition of Regulatory Agencies