US risk council designates AIG, GE Capital for tougher oversight

The US financial risk council on Tuesday said it has designated American International Group and GE Capital as systemically risky, bringing them under stricter regulatory oversight.

The Financial Stability Oversight Council’s decision to name its first set of “systemically important” non-bank firms had been long expected by the financial services industry.

via Business feed http://www.scmp.com/business/banking-finance/article/1279398/us-risk-council-designates-aig-ge-capital-tougher-oversight