The Federal Deposit Insurance Corporation gave a fresh deadline of Feb. 10 to BlackRock to resolve an issue regarding oversight into the asset manager's investments in FDIC-regulated banking organizations,

This follows the asset manager's failure to meet an initial 10 January deadline and its unsuccessful request to extend discussions until 31 March.

The asset manager’s head of U.S. regulatory affairs warned against “hastening the finalization of a completely new regulatory framework in a two-week period” in a letter to the regulator.

BlackRock Inc. is resisting the Federal Deposit Insurance Corp.’s demands that the world’s largest asset manager submit to new oversight of its stakes in US banks, seeking to delay negotiations into the Trump administration.

BlackRock (NYSE:BLK) has been given a new deadline to meet a demand by the Federal Deposit Insurance Corp. (FDIC) to resolve an issue over the oversight of the asset manager’s stakes in banks, Bloomberg reported Sunday,

He said in the letter that BlackRock's understanding is that the agreement between the FDIC and Vanguard was reached only after several months of negotiation. An individual familiar with the matter said BlackRock's attempts in the final months of 2024 to meet with FDIC officials had been rebuffed.