Home / FINANCIAL NEWS / Quit Punishing AIG and Remove It From the SIFI List

Quit Punishing AIG and Remove It From the SIFI List

But taking AIG off the SIFI list is not about forgetting the crisis, it’s about correcting a regulation error made in the charged days after the financial system nearly collapsed. AIG should have never been on the SIFI list to begin with. About a year after the crisis, H. Rodgin Cohen, a top Wall Street lawyer, who was in the room when the negotiations to save Lehman Brothers faltered, warned regulators about putting too much focus on stopping the next bank failure or financial market meltdown and too little emphasis on installing protections to stop financial fires from spreading when the do erupt. Focus on contagions, Cohen advised, not causes.

Check Also

NewStar Financial (NEWS) EPS Estimated At $0.13; Country Trust Bank Lifted Halliburton Company Common (HAL) Position

October 1, 2017 – By Ellis Scott Country …

Leave a Reply

Your email address will not be published. Required fields are marked *

1 × 1 =