Avi Ben-Hutta
Editor at Coverager
AIG

AIG Issues Statement on Financial Stability Oversight Council (FSOC) Decision to Remove SIFI Designation

AIG issued the following statement from AIG President and Chief Executive Officer Brian Duperreault regarding the Financial Stability Oversight Council’s decision to remove AIG’s designation as a Systemically Important Financial Institution (SIFI):

 

“I welcome the decision by the Financial Stability Oversight Council to rescind AIG’s SIFI designation. The Council’s decision reflects the substantial and successful de-risking that AIG’s employees have achieved since 2008. The company is committed to continued vigilant risk management and to working closely with our numerous regulators to enable a strong AIG to continue to serve our clients.”

 

And now – to the word on the street:

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