January 10, 2017

Jim Lundy Quoted in Crain’s Article on Trump’s Potential Reform of Dodd-Frank

Chicago partner Jim Lundy was quoted in a Crain’s Chicago Business article titled, “As Trump eyes Dodd-Frank, Chicago's trading interests gear up for a battle.”

President-elect Donald Trump and his team have made clear their intentions to reform the 2010 Dodd-Frank Wall Street Reform & Consumer Protection Act, but members of Chicago’s trading community believe one component will remain intact: swaps-related reform. Traders have adjusted to the new standards for swaps trading, which may make it difficult to enact sweeping changes. Jim noted that “The swaps industry has created entire structures to deal with issues there, and the president can't do away with that with an executive order.”

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