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Webinar

How Will the U.S. Election Results Impact Your Financial Services Businesses and Clients?

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Webinar

How Will the U.S. Election Results Impact Your Financial Services Businesses and Clients?

  • PDFPDF
    • Email
    • LinkedIn
    • Facebook
    • Twitter
    Share this page

3 Min Read

Event Information

Hosts
Kobi Brinson
Jordan Klein

1 CLE Hour
Winston & Strawn LLP is an accredited CLE provider in California, Illinois, New York, Pennsylvania, and Texas. North Carolina, South Carolina, and Florida CLE are pending. Other states available upon request.

Related Capabilities

Commercial Litigation & Disputes
Government Investigations, Enforcement & Compliance
International Trade
Private Investment Funds
Securities, M&A & Corporate Governance Litigation
Artificial Intelligence (AI)
FinTech, Banking & Payments
Financial Services

Related Regions

Europe

November 15, 2024

On November 15, Winston hosted a webinar titled “Post-Election Financial Services Forum” discussing the impact of the U.S. election results on the financial services sector for 2025 and beyond. This virtual roundtable discussion—featuring more than a dozen Winston partners, including moderators Amanda Groves and George Mastoris—provided insights and potential implications to various financial services areas and regions. Read our takeaways below.

Government Investigations & Enforcement

  • Jack Knight, Chair, Financial Services Litigation Practice, Investigation & Enforcement Practice
Takeaways
  • Changes at the Department of Justice Under President-elect Trump may include:
    • complete overhaul possible;
    • personnel changes; and priority changes. 

Regulatory

  • Caitlin Mandel, Government Investigations, Enforcement & Compliance partner
Takeaways
  • CFPB Enforcement Trends and Priorities:
    • Enforcement priorities likely to focus on smaller entities, concrete consumer harm.
    • Less focus on discrimination or other “stretch” theories.
  • SEC Enforcement Trends and Priorities: 
    • Enforcement actions likely to be less creative and less aggressive. Less focus on:
      • Crypto;
      • ESG; and
      • regulatory violations versus clear investor harm/fraud.

Investment Management

  • Basil Godellas, Co-Chair, Financial Services Practice
Takeaways
  • Less Rulemaking: The Trump SEC is expected to reduce major regulatory actions, favoring a pro-business approach.
  • Executive Orders: New executive orders may further limit or repeal regulations, continuing Trump’s previous policies.
  • Rule Impact Shift: Biden’s SEC rules had greater compliance costs; Trump’s second term may ease regulatory burdens.
  • Pending Rules Uncertain: The future of proposed rules concerning cybersecurity and ESG remains unclear under new leadership.

Securities Litigation

  • John Schreiber, Chair, Los Angeles Litigation Practice
  • Kerry Donovan, Securities Litigation Partner
Takeaways
  • Less Litigation: Reduced regulatory enforcement under Trump could lower shareholder lawsuits tied to investigations.
  • Pro-Business SEC: A company-friendly SEC may reduce proxy disputes and activism-related litigation.
  • Proxy Rules Changes: Proxy advisory firm regulations and universal proxy cards might face revisions.
  • Shifting Litigation Focus: Plaintiffs may target accounting issues if regulatory cases decline.

Artificial Intelligence

  • Bobby Malhotra, eDiscovery & Information Governance Practice partner
Takeaways
  • AI Regulation Shift: Federal AI oversight may ease, favoring voluntary guidelines and innovation.
  • Fragmented Laws: Deregulation could lead to complex state-specific AI rules.
  • Trade Impact: Tariffs and export controls may disrupt AI technology access.
  • Investment Boost: Deregulation may spur AI startup growth.

Bank Regulatory

  • Carl Fornaris, Co-Chair, Financial Services Practice
Takeaways
  • Legislative Priorities on the Hill and the New Administration.
  • Changes to the Federal Reserve, CFPB, OCC, and FDIC.
  • SEC’s “Politicized Approach” to Digital Assets.
  • Discouraging the Use of ESG Standards in Financial Markets.

Intellectual Property

  • Danielle Williams, Co-Chair, Intellectual Property Practice; Managing Partner, Charlotte
Takeaways
  • USPTO Leadership Change: Deputy Director Derek Brent will serve as acting director starting December, possibly until mid-2026, when a new director is expected.
  • Alignment with Trump Priorities: USPTO’s current goals, like driving U.S. innovation and protecting IP, align with Trump administration priorities.
  • Future Uncertainty: Leadership changes in 2026 may shift priorities, but optimism remains for continued support of the innovation economy.

International Trade

  • Cari Stinebower, Chair, International Trade Practice, CFIUS, Customs, Export Controls & Sanctions Practice
Takeaways
  • Tariffs, Mexico, China, and the Trump Reciprocal Trade Act.
    • As an alternative to the Chips Act, the new administration has indicated it will deliver its manufacturing renaissance via lower taxes, regulations, and tariffs of 60% on imports from China and 10% to 20 % on imports from elsewhere.
  • Sanctions Focus: Iran and a return to the Maximum Pressure Campaign.

European Union

  • Sara Susnjar, Regulatory Partner
Takeaways

Central Banking: Tariffs and federal interference risk global financial instability.

  • Climate: U.S. Paris Agreement withdrawal threatens EU’s climate goals and global cooperation.
  • Defense: EU faces reduced U.S. support for defense and security.
  • Tech: U.S.-EU Trade and Technology Council may dissolve.

United Kingdom

  • Rebecca Jack, Transactional Associate
Takeaways
  • Trade Impact: Trump’s tariffs may cost the UK £22B in exports, spurring renewed UK-U.S. trade talks, including UK requests for greater financial market access.
  • Deregulation Push: Potential U.S. deregulation could drive calls to loosen UK market rules to stay globally competitive.
  • Investment Concerns: Because the United States is the UK’s largest inward investor, U.S. shifts in investment priorities could significantly affect key UK sectors, including financial services.

Related Professionals

View Full Team

Related Professionals

Kobi Kennedy Brinson

Kerry C. Donovan

Carl Fornaris

Basil Godellas

Amanda Groves

Rebecca Jack

Jordan Klein

Jack Knight

Bobby Malhotra

Caitlin M.R. Mandel

George Mastoris

John Schreiber

Cari Stinebower

Sara Susnjar

Danielle Williams

View Full Team

Kobi Kennedy Brinson

Kerry C. Donovan

Carl Fornaris

Basil Godellas

Amanda Groves

Rebecca Jack

Jordan Klein

Jack Knight

Bobby Malhotra

Caitlin M.R. Mandel

George Mastoris

John Schreiber

Cari Stinebower

Sara Susnjar

Danielle Williams

View Full Team
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