FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


GE Capital and AIG Opt Against Contesting Systemic Risk Tag

July 03, 2013, 07:05 AM
Filed Under: Regulatory News

Bloomberg reported that GE Capital and American International Group Inc. (AIG) will not fight a decision by regulators that they pose potential risks to the economy.

The Bloomberg report quotes Russel Wilkerson, a spokesman for GE Capital saying, “We have strong capital and liquidity positions and we are already supervised by the Fed. We have been and will be prepared to meet the requirements for SIFIs.”

Bloomberg also quotes Jon Diat, a spokesman for AIG saying,  “AIG welcomes supervision by the Federal Reserve, and is already working closely with the Federal Reserve Bank of New York as our regulator."

To read the full Bloomberg report, click here.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.