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General Motors Company Message Board

  • low_mac low_mac Jul 10, 2013 6:58 AM Flag

    Regulators choose AIG, GE Capital for more oversight!!!!

    Wow GM was not even included.

    Federal regulators said Tuesday they have unanimously agreed to subject insurance giant American International Group and GE Capital to tougher government scrutiny and financing requirements because they could pose a threat to the financial system in a crisis.

    The Financial Stability Oversight Council gave final approval to the designations of the two non-bank financial companies as "systemically important"— the first such action taken under the 2010 Dodd-Frank financial reform act. It means the firms will be regulated by the Federal Reserve and will have to maintain larger capital reserves, among other requirements. The council said it voted Monday.

 
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