Gruenberg's departure weakens the administration's regulatory hand
![Gruenberg's departure weakens the administration's regulatory hand](https://arizent.brightspotcdn.com/62/c1/ad8f70cb45a488eb124998712522/411643655.jpg)
FDIC chair Martin Gruenberg's departure from the agency may have political implications as the White House and Senate scramble to name a successor, but experts agree that the move will likely result in a weaker Basel rule and stronger role for the Federal Reserve in joint rulemakings.