Gary Gensler likes to make an impact, as he showed when he turned the US Commodity Futures Trading Commission (CFTC) from a second-tier regulator into the agency that led the implementation of tighter rules for Wall Street after the global financial crisis of 2008.
Gensler was also the driving force in making Libor manipulation charges a catalyst for change across the investment banking industry.
Banks paid around $10 billion in fines for manipulating Libor, and Gensler’s aggressive pursuit of Barclays for its involvement led to an important symbolic shift in 2012, when the firm’s chief executive Bob Diamond was forced to resign.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
