Bloomberg reported that American International Group Inc. (AIG) said a U.S. panel told the insurer it’s under consideration to be labeled a potential risk to the financial system, the first non-bank to report such notification in a process that could lead to tighter capital rules.

According to the report, the Financial Stability Oversight Council informed AIG of its status, the insurer said in a statement. The council said last week that it voted to advance “certain” non-bank financial companies to a third stage of review for possible designation as a systemically important financial institution, without publicly identifying the firms.

The council is evaluating which companies should be subject to Federal Reserve supervision including stress tests, higher capital levels and tougher liquidity requirements, according to the report.