BlackRock has asked the U.S. Federal Deposit Insurance Corporation to extend its deadline to reach an agreement on how the agency would oversee the giant asset manager's investments in FDIC-regulated banking organizations from Friday until March 31,

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. wants more time from the Federal Deposit Insurance Corp. before it imposes new oversight of stakes in U.S. banks.

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.

This move is part of the FDIC's efforts to strengthen oversight of large investors in small and midsized banks.

BlackRock, the worlds largest asset manager, is requesting an extension on the Federal Deposit Insurance Corporation (FDIC) oversight deadline to March. The move comes as the company navigates regulatory complexities