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  • Melissa van der Merwe (Director)

Breaking News: Trump Signs Executive Order on Financial Regulations


Almost 7 years after it was enacted, the Dodd Frank Wall Street Reform and Consumer Protection Act may be significantly amended after President Donald Trump signed an executive order on financial regulation:

Trump signs executive order on financial regulation (cnbc.com)

The top 4 US banks have spent well in excess of US$70 billion in setting up systems and structures to be Dodd Frank-compliant, and it may well all be in vain, as many of the stringent regulations could be relaxed or even waived under President Donald Trump’s executive order. In addition, European regulators and US regulators have worked tirelessly over the years to ensure that financial regulations align to ensure a globally-level playing field is created in the financial markets. If Trump makes substantial amendments to Dodd Frank it may mean that this effort to create a global standard in financial regulation will be undone. Any major amendments to Dodd Frank will more than likely have to be approved by Congress.

Read more about this breaking development:

Trump pledges to 'do a big number' on Dodd-Frank Wall Street reform (money.cnn.com)

DeriviDoc will continue to keep you updated on any proposed and approved changes that may impact financial regulation. Should you wish to find out more about global financial regulation, register now for our Regulatory Update course on 25 May 2017 (Johannesburg) or 09 June 2017 (Cape Town).

#DoddFrank #globalfinancialregulation #financialregulation #USfinancialregulation

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