22-04-2017 04:19 via insuranceinsider.com

Trump takes aim at SIFI process that ensnared AIG

President Donald Trump ordered Treasury Secretary Steve Mnuchin
to put on hold parts of the 2010 Dodd-Frank law that allowed the
government to designate AIG and two other insurers as
"systemically important financial institutions" in a move
that may precede a full overhaul of the law.
The order, according to Mnuchin, calls for "a much needed
time-out from the Financial Stability Oversight Council's
process for designating financial institutions as systemically
important," Mnuchin said in welcomi
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