The prospective candidates for the head of two key market administrations, the SEC and the CFPB, at this stage foreshadow a stronger desire to protect American consumers. But not a radical overhaul of the financial system.

The new Biden administration is considering appointing Gary Gensler to the SEC and Rohit Chopra as head of the Consumers Bureau.

Have the giants of Wall Street eaten their white bread, after the record profits reaped at the end of Donald Trump’s mandate? Joe Biden already gives the impression of wanting to satisfy his leftmost wing. The entry into office of Gary Gensler at the head of the SEC, the American financial policeman, augurs a certain recovery in hand, after years of easing.

“Gensler is an excellent choice to run the agency”Barbara Roper, director of investor protection at the United States Federation of Consumers, told NBC. The Goldman Sachs veteran, who has built a reputation as a ruthless regulator at the CFTC, the derivatives regulator, where he imposed a series of fines, “Is as savvy about the financial markets as anyone on Wall Street, so he can’t be intimidated, she adds. He is a seasoned regulator who knows how to get things done ”.