BlackRock: Regulators Shouldn’t Conflate Asset Managers With Owners

One of the largest unanswered regulatory questions following the global financial crisis is what, if anything, should be done to rein in asset managers. The Financial Stability Oversight Council (FSOC) has been looking at BlackRock, Inc. (NYSE:BLK) and Fidelity National Financial Inc (NYSE:FNF) specifically to better understand their role in the market, but there is still no indication whether they will designate either as a systemically important financial institution (SIFI). Even though Blackrock CEO Larry Fink has made it clear that his company isn’t deadest against regulation, the company argues that conflating asset managers with investment banks won’t have the…