Regulators propose new oversight of AIG, Prudential

Cornelius Hurley, School of Law, Center for Finance, Law & Policy

Regulators on Monday proposed designating non-bank financial companies including American International Group and Prudential Financial for heightened regulatory oversight…

Expert quote:

“It’s almost three years since they enacted the statute and, you know, if these were truly institutions that are menacing to the system, which is what they are supposed to be, then it seems like we should have known it more than three years late.”

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