WASHINGTON (ALBOENEWS) — A panel of U.S. Regulators voted Friday that AIG will no longer be under federal oversight, per Reuters.
They have determined that AIG is no longer a crucial part to the health of the global financial system.
The decision by the Financial Stability Oversight Council means that AIG, which received a $182 billion bailout from the federal government during the 2007-09 global financial crisis, no longer needs to adhere to a stricter regulatory regime, including holding extra capital.
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