CFTC Commissioner Sharon Y. Bowen identified "four disruptive elements" that are "substantially responsible" for recent regulatory activity: technology, demographics, economics and a lack of trust in our institutions.

ISDA CEO Scott O'Malia urged regulators in the United States, Europe and Japan to match the transition period for margin requirements adopted by CFTC staff.

Steven T. Mnuchin was confirmed as the 77th Secretary of the Treasury.

University of Houston Finance Professor Craig Pirrong asserted that Deutsche Bank's exit from U.S. swaps clearing due to capital cost concerns is symptomatic of "how major portions of Dodd-Frank and the regulations emanating from it need a thorough review and in some cases a major overhaul."

The CFTC Division of Swap Dealer and Intermediary Oversight granted time-limited no-action relief from variation margin requirements for swaps that are subject to a March 1, 2017 compliance date.