Gensler’s comments follow a turbulent trading session on Wall Street on Monday in part due to investor concerns about the repercussions of a possible collapse of Chinese real estate giant Evergrande.
“I think we’re in a better position in 2021 to absorb some of those shocks than we were before,” Gensler told The Washington Post in a live interview.
2008 crisis,” referring to reforms adopted to strengthen the financial system in the wake of the global financial crisis a decade ago.
“But this does not mean that we are isolated. Our economies are interconnected around the world,” he added.