AIG confirmed last night that it has been designatedsystemically significant by the Financial Stability OversightCouncil, paving the way for possible federal regulation at theholding-company level.
Prudential Financial and GE Capital were also designated at anafternoon meeting of FSOC members yesterday.
The decision is historic in that insurance, according to aCongressional Research Service official, has been state regulatedfor 150 years.
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