Biden expected to appoint Gensler to advise on Wall Street oversight: WSJ

Democratic presidential nominee Joe Biden, who appeared to be closing in on an election victory, is expected to tap former derivatives market regulator Gary Gensler to advise on a transition plan for financial industry oversight, the Wall Street Journal reported on Friday, citing people familiar with the matter. Gensler, who served as chair of the Commodity Futures Trading Commission (CFTC) from 2009 to 201, was expected to lead a team of policy experts focused on banking and markets regulators, such as the CFTC, Federal Reserve and the Securities and Exchange Commission, as part of a the usual agency review process undertaken by an incoming administrations, the WSJ reported.

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