Possible Conflict of Interest as Federal Reserve Awards Mandate to BlackRock to Help Execute Mortgage-Backed Securities Purchases
Posted on 03/25/2020
The Federal Reserve Bank of New York retained the services of BlackRock Financial Markets Advisory, a strategic advisory unit of BlackRock Inc., to purchase agency commercial mortgage-backed securities on the Federal Reserve’s behalf from primary dealers in the market. In a series of measures, the Federal Reserve has committed to purchasing billion of dollars of […]
