Finance › Speeches › Gary Gensler

Remarks before the Financial Stability Oversight Council Financial Stability Risks & Guidance on Nonbank Determinations

· Gary Gensler, Chair of the U.S. Securities and Exchange Commission (United States)

Summary written by Dark Majestic in its own words · topics: financial stability

GG
· Gary Gensler Wiki · U.S. Securities and Exchange Commission WikiRemarks before the Financial Stability Oversight Council Financial Stability Risks & Guidance on Nonbank Determinations

ContextSpeech by Gary Gensler, Chair of the U.S. Securities and Exchange Commission.

Why it mattersGensler backs updated guidance on designating risky non-banks.

Problems raised
  1. Excessive leverage creates systemic risk.
  2. Non-bank firms can spread crises.
  3. Past crises came from banks and non-banks.
Solutions proposed
  1. Update guidance on non-bank designations.
  2. Watch leverage closely.
  3. Treat non-banks as possible sources of risk.
Read full speech on sec.gov ↗

More from Gary Gensler · U.S. Securities and Exchange Commission · all speeches

More speeches by Gary Gensler

Other leaders on financial stability