Market News: Trump administration is preparing to relax supervision of FDIC to some extent

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ODAILY
11-08
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Odaily Planet Daily Report: Martin Gruenberg, chairman of the , resigned in May this year amid an investigation into the agency's toxic work culture. However, Gruenberg stated that he will continue to serve until a successor is appointed and confirmed. The Trump administration is preparing to relax regulation of the to some extent, as the agency has strengthened its scrutiny of banks following the regional banking crisis in 2023. For example, the agency has said it will conduct stricter reviews of certain bank transactions. The Trump administration's top priority is to remove chairman Gary Gensler, who has said he will fire him on his first day in office. One of the potential replacements for Gensler being considered by Trump's allies is Dan Gallagher, chief legal officer of , who previously served as an commissioner. Other candidates include Christopher J. Giancarlo, senior advisor at Willkie Farr & Gallagher and former chairman of the , and Dalia Blass, partner at .

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