On the heels of his nomination by President Trump to be Chairman of the Commodity Futures Trading Commission, Commissioner Giancarlo delivered a noteworthy speech outlining his vision for...
Yesterday afternoon, President Trump issued a memorandum directing the DOL to review the fiduciary rule it released last April that expanded the definition of an investment advice fiducia...
House Speaker Paul Ryan’s A Better Way policy agenda states that “it is time for serious and fundamental reform” of how regulations are made. The House of Representatives is conside...
We have been asked whether our thoughts on the Trump administration’s regulatory freeze memo apply to the hiring freeze memo that was published yesterday. The answer is sort of: the hir...
Early press accounts of President Trump’s regulatory moratorium are highly misleading for financial sector regulations. On Friday, White House Chief of Staff Reince Priebus issued a me...
With the imminent change in administration in the U.S., Annette Nazareth and Gabriel Rosenberg of Davis Polk’s Financial Institutions Group offer their regulatory reform predictions for...
On January 6, 2017, Congressman Joe Wilson (R-SC) introduced in the House the Protecting American Families’ Retirement Advice Act, which would delay the effective date of the DOL Fiduci...
On Friday, in response to a question after delivering a speech, Fed Governor Jay Powell criticized the proprietary trading restrictions of the Volcker Rule. He was quoted in the press as...
CFTC Chairman Timothy Massad announced this week that he will be stepping down on January 20. Commissioner J. Christopher Giancarlo, who is the sole Republican currently serving on the Co...
On November 15, 2016, the SEC approved a plan to create a consolidated audit trail (the “CAT”) that will contain a record of order events for most equity and listed options transactio...
