AIG For Now Remains Under Federal Oversight
September 22 2017 - 4:46PM
Dow Jones News
By Ryan Tracy and Leslie Scism
American International Group Inc. will remain under federal
supervision for now after U.S. officials discussed the firm's
future at a private meeting Friday, according to people familiar
with the matter and a Treasury Department statement.
Discussions among regulators are expected to continue about the
company, which was designated a systemically important financial
institution in 2013, a label created after the financial crisis
that comes with stricter federal oversight.
Regulators review the designation for companies tagged with it
every year. This year they have been considering whether to remove
it for AIG, according to people familiar with the matter.
AIG declined to comment.
A Treasury Department statement said the Financial Stability
Oversight Council of senior regulators discussed the designation of
a financial firm, but didn't disclose a vote. The firm under
discussion was AIG, people familiar with the matter said.
Write to Ryan Tracy at ryan.tracy@wsj.com and Leslie Scism at
leslie.scism@wsj.com
(END) Dow Jones Newswires
September 22, 2017 17:31 ET (21:31 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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