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Vanguard Agrees New Passivity Agreement with FDIC
- Vanguard has entered into a passivity agreement with the FDIC.
- The agreement aims to address concerns raised about monitoring the passivity of large index fund complexes.
- The FDIC will closely monitor Vanguard's investment stewardship activities and compliance program.
- The agreement strengthens the FDIC's ability to ensure passivity in FDIC-supervised banks and their holding companies.
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