American International Group (AIG) officials are looking favorably at federal oversight, as they say they are preparing for regulation by the Federal Reserve Board in addition to state monitoring.
“In a way, we see it as a big positive,” says Robert Benmosche, AIG's president and CEO.
It is believed that AIG will come under federal oversight as a systemically important financial institution (SIFI) under a provision of the Dodd-Frank financial-services reform law once federal ownership of the company dips below 50 percent.
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