NY Fed attacks article on AIG debacle

New York Federal Reserve

The New York Federal Reserve has hit out at claims that it ignored advice from its own advisers to force counterparties of American International Group (AIG), a failed insurance firm, to accept losses on their credit default swap contracts.

The New York Fed repaid the insurer's eight biggest counterparties - Bank of America, Barclays, Calyon, Deutsche Bank, Goldman Sachs, Merrill Lynch, Société Générale and UBS - in full for their credit default swap exposure to AIG after all of the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here