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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| American International Group Inc | NYSE:AIG | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 75.31 | 25 | 09:00:27 |
From May 2019 to May 2024
WASHINGTON--U.S. regulators released plans by the nation's largest financial firms detailing how they might dismantle themselves in the event of another financial crisis.
The so-called "living wills," a requirement of the 2010 Dodd-Frank law, are intended as a blueprint to help regulators understand what to do in the event a financial firm faces collapse.
For the first time this year, three nonbank firms, American International Group, Inc., Prudential Financial Inc., and General Electric's Co's financing arm, GE Capital, submitted their plans to regulators. Those companies were brought under Federal Reserve oversight last year after being designated as "systemically important".
Eleven large banks filed the third drafts of their plans. However, the banks have yet to receive a formal, individual critique on last year's round of living wills. Regulators say they are working on the feedback.
Write to Ryan Tracy at ryan.tracy@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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