Trump Administration Lays Groundwork for Deregulation
Nearly seven months into the Trump Administration, regulators are looking to start easing some financial regulations, according to a Wall Street Journal article.

"It is time to… determine where the pendulum has gone too far," Craig Phillips, Counselor to U.S. Treasury Secretary Mnuchin, told a government-advisory committee at the Federal Reserve Bank of New York last month.  

Several agencies have begun to review the Volcker Rule, and the U.S. Securities and Exchange Commission, in publishing its regulatory agenda in July, included more than a dozen proposals related to Dodd-Frank. These moves signal that though the Trump Administration has not advanced much of its legislative agenda in Congress, the administration has been attempting to lay the groundwork to change some of these rules. However, the rule book for Wall Street has not been significantly altered so far, in part because nominees for key roles have not been filled or named.

SFIG members strongly believe in the need for Dodd-Frank revisions that reflect the consensus of a broad range of market perspectives. We remain engaged with members across all asset classes to prioritize issues and continue to meet with regulators and key lawmakers and staff to drive constructive reform. Earlier this year, SFIG released our new white paper, "Regulatory Reform: Securitization Industry Proposals to Support Growth in the Real Economy," focused on reforms directly affecting the securitization industry and other areas of regulatory reform which impact SFIG members and the industry.

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