One by one, Gary Gensler’s supporters deserted him. Now the chief U.S. regulator of derivatives was being summoned by Treasury Secretary Jacob J. Lew to explain why he refused to compromise.
They crossed paths at Goldman Sachs Group Inc., the U.S. Senate, New Jersey campaign events and Princeton University. One man once borrowed the other’s number in the New York Marathon.
Gary Gensler, chairman of the Commodity Futures Trading Commission, took his seat before a Senate appropriations subcommittee on May 4 to make his case for a $106 million budget increase.
Wall Street banks reeling from a flurry of activity by departing U.S. Commodity Futures Trading Commission Chairman Gary Gensler are considering taking the agency to court.
"These efforts cannot address the central vulnerability of Libor, Euribor and similar interest-rate benchmarks: the lack of transactions in the underlying market."
- Gary Gensler on Dec 07, 2014
A Closer Look With Arthur Levitt: Gary Gensler