Derivatives Regulation In The New Administration

How will derivatives regulation change in the Trump Administration? During the campaign and since the election, President-elect Trump and his advisors, as well as key Congressional Republicans and other market participants, have suggested that aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank"), should be rolled back, or even repealed outright. Derivatives regulation, however, has not been the focus of much of the discussion around financial regulation more generally, and some market participants have suggested that it would not necessarily be feasible or desirable to roll back the Dodd-Frank reforms completely. It will likely be some time before we have a clear sense of what changes are likely, and who will be charged with implementing them at various financial regulators. This note is intended to highlight certain areas where it seems to us that regulatory change may be more likely.