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BlackRock, other fund managers may face EU scrutiny as financial conglomerates

By John Rega ( August 23, 2017, 15:46 GMT | Insight) -- BlackRock and other asset managers could be designated as financial conglomerates when they expand into other services, drawing extra EU scrutiny, as the European Commission reviews rules for companies that blend banking, insurance and securities. But no change to the law appears imminent.BlackRock and other asset managers could be designated as financial conglomerates when they expand into other services, drawing extra EU scrutiny, as the European Commission reviews rules for companies that blend banking, insurance and capital markets. ...

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