AIG Issues Statement Following FSOC Final Determination
American International Group, Inc. (NYSE: AIG) issued the following statement regarding the Financial Stability Oversight Council's (FSOC) final determination that AIG should be supervised by the Federal Reserve Board:
“After the close of business on July 8, 2013, AIG received notice from the U.S. Treasury that the Financial Stability Oversight Council (FSOC) has made a final determination that AIG should be supervised by the Board of Governors of the Federal Reserve System as a systemically important financial institution pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act. AIG did not contest this designation and welcomes it.”
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