American International Group, Inc. (NYSE: AIG) issued the following statement regarding the Financial Stability Oversight Council’s (FSOC) final determination that AIG should be supervised by the Federal Reserve Board:
“After the close of business on July 8, 2013, AIG received notice from the U.S. Treasury that the Financial Stability Oversight Council (FSOC) has made a final determination that AIG should be supervised by the Board of Governors of the Federal Reserve System as a systemically important financial institution pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act. AIG did not contest this designation and welcomes it.”
American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.