Tag:fund ownership of banks

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Don’t Bank on it: FDIC Board Withdraws Asset Manager Bank Control Proposals

Don’t Bank on it: FDIC Board Withdraws Asset Manager Bank Control Proposals

By: Grant F. Butler and Yuki Sako

Two proposals regarding oversight of the control of banks by asset managers were withdrawn at the 25 April board meeting of the Federal Deposit Insurance Corporation (FDIC). These proposals were a result of increasing concern by bank regulators regarding concentration in control of banks by institutional investors, particularly index funds.

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