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The Financial Stability Oversight Council, which is led by Timothy Geithner, has told AIG that...
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Wednesday, October 3, 2012, 4:47 AM ETThe Financial Stability Oversight Council, which is led by Timothy Geithner, has told AIG that it could be designated as a potential risk to the financial system, the insurer said yesterday. The company is the first non-bank to disclose such a notification. Should AIG be deemed as systemically important, it would be subject to Fed supervision, including stress tests, higher capital levels and tougher liquidity requirements.
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Better fix the barn door.