ARTICLE
23 February 2017

President Trump Signs Executive Order On Financial Regulatory Reform

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A&O Shearman

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A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
On February 3, 2017, President Trump signed an executive order setting forth "core principles" in the regulation of the US financial system and directing the Treasury Secretary to review and report back to the President within 120 days...
United States Finance and Banking

On February 3, 2017, President Trump signed an executive order setting forth "core principles" in the regulation of the US financial system and directing the Treasury Secretary to review and report back to the President within 120 days on the extent to which current government policies promote those principles and recommendations for actions to promote them. The core principles include the following: "prevent taxpayer-funded bailouts"; "foster economic growth and vibrant financial markets through more rigorous regulatory impact analysis that addresses systemic risk and market failures, such as moral hazard and information asymmetry"; "enable American companies to be competitive with foreign firms in domestic and foreign markets"; "advance American interests in international financial regulatory negotiations and meetings"; and "restore public accountability within Federal financial regulatory agencies and rationalize the Federal financial regulatory framework."

The Shearman & Sterling publication on the Trump executive order is available at: http://www.shearman.com/en/newsinsights/publications/2017/02/guide-to-trump-order-on-financial-reg-reform; and the text of the executive order is available at: https://www.whitehouse.gov/the-press-office/2017/02/03/presidential-executive-order-core-principlesregulating- united-states.

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