FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Articles / Read Article

Print

GE Capital, AIG Proposed as Systemically Important by Regulators

Date: Jun 04, 2013 @ 07:56 AM
Filed Under: Industry News

Reuters reported regulators on Monday proposed designating GE Capital, American International Group Inc, and Prudential Financial for heightened regulatory oversight.

According to the report, the Financial Stability Oversight Council said it had voted to propose naming certain non-bank financial companies "systemically important," or so big their failure could destabilize financial markets.

While regulators did not name the companies involved, GE Capital, AIG and Prudential all said on Monday that they had been notified that the risk council had proposed designating them systematically important, a move that would trigger additional regulatory scrutiny by the Federal Reserve, according to Reuters.  These companies would be subject to extra oversight and need to participate in regular stress tests and comply with new capital requirements.

View the entire Reuters article.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.