Former Commodity Futures Trading Commission chairman Gary Gensler and KeyBank NA chief Don Graves have been asked to review financial regulators as part of Joe Biden’s presidential transition, according to someone familiar with the subject
Gensler’s presence will likely appeal to progressive Democrats, as he gained a reputation for standing up to Wall Street under the Obama administration. He also put in place a new regulatory regime for swaps – products that have played a key role in the 2008 financial crisis Gensler is a former Goldman Sachs Group Inc partner, giving her insight into how the industry works and how it tries to avoid surveillance
Gensler is close to Biden’s transitional co-chair Ted Kaufman, as the two worked together to push for stricter Wall Street rules during Kaufman’s two years as senator from Delaware, and the Massachusetts Senator Elizabeth Warren Gensler did not immediately respond to an email asking for comment
Graves is a long-time adviser to Biden His involvement in reviewing banking regulators could reassure banks that moderates will win positions in a Biden administration
It is a common aspect of presidential transitions that teams of volunteers examine sections of the agencies that populate the federal government Often times, those involved in such reviews end up making recommendations on who should be appointed to lead regulators
Joe Biden, Gary Gensler, Wall Street, Finance, Democratic Party, Commodity Futures Trading Commission, Barack Obama
World News – CA – Former CFTC Gensler Chief and Banker Advising Biden on Wall Street
Associated title :
– Former Wall Cop Street Gary Gensler Joins Transition Biden
– Biden asks Gensler to work on review monitoring Wall Street – source
– Ex-CFTC Chief Gensler and Banker Advising Biden on Wall Street
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– Biden asks Gensler to work on the Wall Street Watch review Street: source by
SOURCE: https://www.w24news.com
