Treasury Secretary Yellen Says ‘Systemic’ Tag May Not be Right for Asset Managers

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 …

from News – Insurance Journal https://ift.tt/39cepnl
via IFTTT