Head of U.S. government financial agency to resign

The head of a U.S. government agency created to monitor financial markets after the 2007-2009 financial crisis will resign from the post at the end of this year.

Richard Berner, director of the Office of Financial Research, will be leaving that agency on Dec. 31, the Treasury Department announced on Monday. Berner helped create the agency as a Treasury official under President Barack Obama, and has led it since its creation in 2013.

The Treasury did not say who would replace Berner, but his exit gives President Donald Trump another opportunity to shift government watchdogs in a more industry-friendly direction.

Full Article: http://www.reuters.com/article/us-usa-banks-risk/head-of-u-s-government-financial-agency-to-resign-idUSKBN1D624T

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