FILE PHOTO: A person walks past a GameStop store in the Manhattan borough of New York City, New York, U.S., January 29, 2021. REUTERS/Carlo Allegri
WASHINGTON (Reuters) - With hedge funds at the center of market drama for the second time in less than 12 months, the GameStop saga is likely to expedite a regulatory review of the ever-larger role non-bank firms play in the financial markets, regulatory experts said.
Scrutiny of the non-bank financial sector was already expected to be high on newly appointed Treasury Secretary Janet Yellen's agenda after hedge fund de-leveraging contributed towards turmoil in the U.S. treasury market in March 2020.
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