This year has been full of surprises in the global markets with Brexit, the Republicans’ win of the executive branch and continuing control of the legislative branch in the U.S. and the impact of the privatization of energy markets in Mexico. In this GT Alert, we are simply going to address two critical proposals and an update regarding Article 55 of the EU Bank Recovery and Resolution Directive (BRRD), which are material for the buy side and sell side. While there is a great deal of uncertainty surrounding EMIR and the UK, and the Dodd Frank Act and the President-elect Trump transition team, it is important to remain in compliance. The following will cover: The Proposed Modernization of Derivatives Act of 2016, the Proposed Regulation Automated Trading, and finally, Article 55 BRRD.

To read more about this timely topic, please view our GT AlertDerivatives Update: What You Should Know as We Enter 2017.”