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Purveyor

(29,876 posts)
Mon Jun 3, 2013, 07:40 PM Jun 2013

US Regulators Propose Group Of Nonbanks Be Labeled As Potential Threats; AIG Says On List

WASHINGTON - Federal regulators have proposed that a group of firms that aren't banks be deemed potential threats to the financial system that need stricter government oversight.

American International Group Inc. says it is among the firms. The near-collapse of AIG in 2008 helped trigger the financial crisis and it received a $182 billion federal bailout that it has since repaid.

The Financial Stability Oversight Council on Monday didn't name the firms or say how many it wants to designate as so big and interconnected that their potential troubles could imperil the financial system.

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http://hosted.ap.org/dynamic/stories/U/US_FINANCIAL_OVERHAUL_NONBANK_FIRMS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-06-03-19-30-49

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