Benmosche: AIG comfortable with federal regulation

February 25, 2013 by Arthur D. Postal and Elizabeth Festa

AIG CEO Robert Benmosche put himself at odds with most of the financial services industry and many members of Congress Thursday when he said that higher capital standards are justified for financial institutions given what happened in the 2008 financial crisis.

He implied that AIG will be regulated going forward under the Basel III capital standards being pilloried by most financial services industry officials, either as a systemically significant institution (SIFI) or as a savings and loan holding company. Click here to read…

Originally Posted at LifeHealthPro on February 22, 2013 by Arthur D. Postal and Elizabeth Festa.