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US bank regulator tables plans to scrutinize asset manager stakes in banks
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US bank regulator tables plans to scrutinize asset manager stakes in banks
Apr 25, 2024 8:32 AM

WASHINGTON, April 25 (Reuters) - A top US bank regulator

opted not to consider new rules that would have imposed stricter

oversight on asset managers with sizeable investments in banks,

even as agency officials agreed the matter merited more

attention.

The Federal Deposit Insurance Corporation postponed votes on

two competing proposals that would have allowed the agency to

conduct more scrutiny on asset managers after it was clear

neither had the majority backing of the five-member board. But

officials said they planned to refine the proposals and continue

discussing oversight of asset managers with big bank stakes.

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