In response to the selection of Jay Clayton as nominee for SEC Chair, U.S. Senator Sherrod Brown opined that "[i]t's hard to see how an attorney who's spent his career helping Wall Street beat the rap will keep President-elect Trump's promise to stop big banks and hedge funds from 'getting away with murder.'"

ISDA added a Japanese jurisdictional module to its Resolution Stay Jurisdictional Modular Protocol. The new module is intended to facilitate compliance with Japanese regulations that require contractual stays to be included in certain financial contracts that are not governed by Japanese law.

Financial Services Committee Chair Jeb Hensarling said that he "look[s] forward to working alongside" the ten new Republican members who will serve on the committee for the 115th Congress, subject to ratification by the House Republican Conference on January 6, 2017.

At an upcoming webinar, MSRB will review "key provisions" of amendments to requirements concerning (i) confirmation, clearance, settlement and other uniform practices and (ii) prices and commissions related to disclosure of markups and markdowns.

In a 2017 Regulatory and Examination Priorities Letter, FINRA identified compliance, supervision and risk management as primary areas for review.