FSOC Tags AIG And GE Capital As Systemically ImportantMani
The Financial Stability Oversight Council (FSOC) designated American International Group Inc (NYSE:AIG) and GE Capital ‘systemically important’ as they could pose risk to the U.S. economy if they were to falter.
The Financial Stability Oversight Council (FOSC) voted unanimously to designate the two non-bank financial firms to help protect the financial system and broader economy from the type of risks that contributed to the financial crisis.SORRY!
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible