Financial Regulatory Reform - It's Coming, Unless it Doesn't

Many Unknowns

If you're like me, you are constantly receiving alerts from consultants, law firms, policy shops and others, all predicting how the Trump Administration is going to dramatically change, or even gut, Dodd-Frank and other U.S. financial regulations.  As you read these prognostications, keep in mind just how well pollsters, experts and markets did in predicting the election outcome.  The reality is, nobody knows what changes the future Trump Administration may make.  The only certainty is that determining at this point how Mr. Trump might revamp our financial regulations is a fool's folly.

So if we don't really know what is going to happen to Dodd-Frank and other financial regulations, what should we do now?  Actually, not much.  Take a breath and be patient.  Changing course in anticipation of what cannot be anticipated will not be helpful.  But here is what you should be doing now.