[3] At the CFTC, Davis worked to update regulations on hedging and risk management, initiated a review of OTC derivatives and swaps, and helped oversee the regulatory response to the 1987 stock market crash.
After leaving the CFTC in April 1990, Davis joined the New York Mercantile Exchange as senior vice president.
In 1993, he joined America's Community Banks—a trade group for thrifts and mutual banks—as executive vice president and director of government relations.
[4] After ACB merged into the American Bankers Association in 2007, Davis remained as executive vice president overseeing housing and mortgage market policy development, GSE policy, minority bank issues, bank fraud and risk management, as well as mutual institutions.
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