AIG Statement Regarding Receipt of Financial Stability Oversight Council Notice of Consideration
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE:AIG) announced today that it has received a notice that it is under consideration by the Financial Stability Oversight Council (Council) for a proposed determination that AIG is a systemically important financial institution pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act. The notice of consideration states that it is intended to inform AIG that it will be reviewed in Stage 3 of the process described in the Councils interpretive guidance for nonbank financial company determinations and does not constitute notice of a proposed determination.
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.
American International Group, Inc.
Jim Ankner (News Media)
(O): (212) 770-3277
(C): (917) 882-7677
Liz Werner (Investment Community)
(O): (212) 770-7074
Source: American International Group, Inc.Copyright Business Wire 2012