The Financial Stability Oversight Council voted to rescind American International Group Inc.’s (AIG) designation as a systemically important financial institution (SIFI) during a recent meeting.
The Treasury Department published a document detailing the individual members’ viewpoints about the SIFI designation process as they pertain to the council’s collective decision to remove the designation from AIG. Federal Reserve Chair Janet Yellen also released a statement weighing in on the matter.
Get a feel for what considerations the council prioritized while coming to a decision about the company’s status.