Financial Stability Oversight Council voted 6-3 to strip AIG
Insurer AIG will no longer face
Washington - AFP
Insurer AIG will no longer face the stricter federal oversight of a "too big to fail" institution following a vote Friday by a panel of top US financial regulators.
The Financial Stability Oversight Council voted 6-3 to strip AIG of the designation that its failure could "pose a threat to US financial stability," according to a press release issued Friday evening by the US Department of Treasury
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