Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Novick Claims BlackRock's Not 'Systemically Important' Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, November 17, 2010

Novick Claims BlackRock's Not 'Systemically Important'

News summary by MFWire's editors

Not surprisingly, BlackRock [see profile] executives don't want the federal government to label the firm "systemically important." Bloomberg's Ian Katz reports that BlackRock general counsel Robert Connolly and vice chairman Barbara Novick met with Federal Reserve Board staffers on November 4 to make their case.

The Fed released a summary of the meeting.

"If a bank fails, there are a whole lot of issues that are systemically relevant in the economy," Novick told Bloomberg. "If an asset manager fails, there are a line of people who are competitors to that asset manager in one product or multiple products who can step into their shoes." 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use