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AIG has yet to convince US regulators to rescind its status as a "systemically important" company after Washington watchdogs passed up an opportunity to immediately remove the designation. The ...
American International Group will remain under federal supervision for now after U.S. officials discussed the firm’s future at a private meeting Friday
The Financial Stability Oversight Council convened Friday to potentially remove the label of "systemically important financial institution (SIFI)," which carries with it heightened oversight and regulatory requirements from the Federal Reserve, from an unidentified nonbank. Rather, the panel simply "discussed an ongoing annual reevaluation of its designation of a nonbank financial company." The panel did not identify American International Group by name, but sources familiar with the panel said regulators were debating easing regulations on that firm.