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February 06, 2017

An Annotated Guide to Trump’s Executive Order on Financial Regulatory Reform


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On February 3, 2017, President Trump signed an Executive Order entitled “Core Principles for Regulating the United States Financial System.”

Set out below is an annotated version of the Executive Order, that includes commentary from Shearman & Sterling financial regulatory attorneys on specific potential legislative or regulatory measures that may be implicated by each of the Core Principles. To see the commentary, please click on the highlighted wording throughout the annotated document.

We welcome suggestions for additional annotations, which can be sent to We will update the annotations to the Executive Order periodically with additions, and as changes occur.

A more detailed analysis of potential financial regulatory reform under the Trump Administration is available here and regarding derivatives reform specifically is available here.

Shearman & Sterling is providing practical insights on the implications of actions taken by the Trump Administration on an ongoing basis. To access our most recent publications on a wide variety of potential policy changes, please visit our website: The Trump Administration: What’s Ahead.

Authors and Contributors

Geoffrey Goldman


Derivatives & Structured Products

+1 212 848 4867

+1 212 848 4867

New York