NEW YORK (
(AIG - Get Report)
said Tuesday that the
Financial Stability Oversight Council
is considering deeming the insurance giant as a systemically important financial institution under Dodd- Frank.
If AIG is deemed too big to fail, it will be supervised by the
and be subject to higher capital standards.
Eight U.S. Banks -
Bank of America
Bank of New York Mellon
- are currently considered too big to fail.
Regulators are also trying to determine which non-bank financial institutions should be subject to tighter controls.
That the insurance giant is on the shortlist comes as no surprise to the market. Shares were up about 0.6%.
--Written by Shanthi Bharatwaj in New York
>To contact the writer of this article, click here:
>To follow the writer on Twitter, go to
>To submit a news tip, send an email to: