© Reuters. FILE PHOTO: U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler testifies before the Senate Banking, Housing and Urban Affairs Committee during an oversight hearing on Capitol Hill in Washington, U.S., September 15, 2022. REUTERS/Evelyn Ho
(Reuters) – Gary Gensler, the chair of the U.S. Securities and Exchange Commission, said that hedge funds and other parts of the shadow banking system need to face greater scrutiny after last month’s upheaval in U.S. government bonds, the Financial Times reported on Saturday.
Gensler told the FT that reducing the risks from speculative funds and non-banking financial institutions was “more important than ever”.
