You are here: Home » International » News » Companies
Business Standard

BlackRock, others' risks should be studied carefully: US Treasury Secretary

Treasury Secretary said it's important to "look carefully" at systemic risks posed by asset managers but designating them as systematically important financial institutions may not be right approach

Topics
Janet Yellen | US Treasury | BlackRock

Reuters 

By Saqib Iqbal Ahmed and Kate Duguid (Reuters) - Treasury Secretary Janet Yellen said on Wednesday it is important to "look carefully" at systemic risks posed by asset managers, including BlackRock Inc, but said designating them as systematically important financial institutions may not be the right approach. Yellen's remarks came in response to questions from Senator Elizabeth Warren, a longtime Wall Street critic, who demanded to know why BlackRock and other large asset managers had not been added to the list of designated institutions. "I believe it is ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, March 25 2021. 10:07 IST
RECOMMENDED FOR YOU
.