For Gensler, Financial Risks Lie Where Banks and Non-Banks Meet.

Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC), is working on completing his agenda for financial market reform. He aims to make markets more competitive and efficient by lowering the fees charged by intermediaries. Gensler also discussed his priorities, including rules on corporate climate disclosures, equity trading structure, investment management, and private credit. He expressed concerns about the risks associated with the intersection of the banking and non-banking sectors, particularly in the prime brokerage and repo markets. Gensler also addressed the challenges posed by the crypto industry and emphasized the need for compliance with securities laws. [Extracted from the article]