US regulator considers non-bank SIFI release: Reuters
The US Financial Stability Oversight Council (FSOC) has
reportedly reviewed the designation of systemically important
financial institution (SIFI) for an unidentified non-bank firm,
which could have positive repercussions for AIG.
According to Reuters the council met on Thursday and discussed
rescinding the designation for one institution. The only three
non-bank companies labelled as SIFIs are AIG, MetLife and
Prudential Financial.AIG has repeatedly claimed the SIFI moniker places a strain on
i
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