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Gensler’s remarks follow a jittery trading day for Wall Street on Monday due in part to investor fears of contagion from a potential collapse of Chinese property giant China Evergrande Group.
“I do think we are in a better position in 2021 to absorb some of those shocks than we were prior to the ’08 crisis,” Gensler told the Washington Post during a livestreamed interview, citing reforms adopted following the decade-ago financial crisis to bolster the financial system.
“But it doesn’t mean that we are isolated – our economies are connected around the globe.”
(This story corrects typographical error in headline)
