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© Reuters. FILE Photograph: U.S. Securities and Trade Commission (SEC) Chairman Gary Gensler testifies in advance of the Senate Banking, Housing and Urban Affairs Committee through 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 Trade Commission, mentioned that hedge cash and other sections of the shadow banking process require to deal with better scrutiny just after previous month’s upheaval in U.S. govt bonds, the Monetary Periods described on Saturday.
Gensler explained to the FT that lessening the pitfalls from speculative money and non-banking fiscal institutions was “far more essential than ever”.
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US regulator phone calls for increased scrutiny of hedge funds after bond turmoil- FT By Reuters