US regulatory council votes to remove AIG’s systemically risky label – THE BUSINESS TIMES

US regulatory council votes to remove AIG’s systemically risky label
THE BUSINESS TIMES
By law, all banks with over US$50 billion in assets are automatically considered SIFIs, while the FSOC can apply the label to nonbanks on a case-by-case basis. The panel only once before has removed a SIFI designation with GE Capital in 2016. Following …

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