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FDIC emphasizes necessity of ‘passivity agreements’ for large bank investors
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Banking, Financial Stability, Government Oversight, Industry Regulation, Investor Protections, Private Funds
Friday, January 3, 2025
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Federal Deposit Insurance Corp. executed a passivity agreement with The Vanguard Group on Dec. 27 intended to mitigate risks of large investors from exerting undue influence over financial institutions in which they hold significant stakes.
The agency indicated such agreements are necessary as a means of maintaining integrity and stability of the financial system.
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