FDIC Backs off Asset Manager Proposals -- For Now

Also, calling Congress on the SEC gag rule

In some ways, today’s highly anticipated FDIC board meeting was anticlimactic: nothing got done. But it was clear from the healthy discussion that the contentious issue of how to deal with asset managers’ stakes in large banks isn’t going away any time soon. Nor is the regulator going to drop its quest to set some parameters.

That’s probably not great ne…