Fed selects BlackRock to manage asset purchases

BlackRock

The Federal Reserve has chosen asset manager BlackRock to run three recently launched facilities designed to support funding markets, a move reminiscent of action taken during the 2008 crisis.

BlackRock’s financial markets advisory, a consultancy arm of the firm, will act as the investment manager for the special purpose vehicles (SPVs) called the Primary Market Corporate Credit Facility and the Secondary Market Corporate Credit Facility (SMCCF).

The Fed will lend to the two SPVs and BlackRock

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: