(Reuters) – The Federal Deposit Insurance Corporation has given BlackRock a new deadline of Feb. 10 to resolve issues related to its oversight of asset managers' investments in FDIC-regulated banking organizations, Bloomberg News said. reported on Sunday, citing three people familiar with the incident. Case.
If sufficient progress is not made toward resolving the issue, the FDIC may open an investigation into BlackRock and request further information from the company, according to the report.
The FDIC's move follows a Jan. 10 deadline that BlackRock failed to meet, according to the report.
Neither BlackRock nor the FDIC immediately responded to requests for comment Sunday.
BlackRock has given the FDIC a three-year deadline to reach an agreement on how it will oversee asset managers' investments in FDIC-regulated banking organizations, according to a letter BlackRock sent to regulators on Thursday and seen by Reuters. They requested an extension until April 31st.
(Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Matthew Lewis)
