FDIC's McKernan Offers Plan to Review BlackRock and Vanguard's Bank Stakes

Also, SEC enforcement chief addresses `headwinds' -- and snaps back at crypto critics; NCRC's Van Tol gears up for Capital One

Republican FDIC Director Jonathan McKernan has prodded the regulator to step up its oversight of big asset managers whose funds hold substantial stakes in banks. Now he’s pressing for the board to vote on his plan, which sets its sights on Vanguard and BlackRock. 

McKernan’s resolution would direct the FDIC’s staff to start monitoring funds’ compliance w…