Two senior members of the House Financial Services Committee asked the Treasury Department and the Federal Reserve System yesterday to substantively increase their oversight of the activities of troubled insurer American International Group.
They asked that, by the end of January, the Treasury Department and the Federal Reserve detail for them, in writing, the systems of review and oversight that have been established for AIG and the agencies' efforts and plans to keep Congress informed of this oversight.
Rep. Paul Kanjorski, D-Pa., and Joseph Crowley, D-N.Y., also asked Treasury officials to provide information to Congress on how it is enforcing the executive compensation restrictions mandated for recipients of the Federal Troubled Asset Relief Program funds.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
