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Fed oversight 'welcome', says AIG's Sankaran

AIG's chief risk officer says federal regulation is both necessary and welcome to close regulatory gaps that existed before the financial crisis

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Sid Sankaran, AIG

Federal regulation of systemically important insurers has played a vital role in eliminating blindspots in the US supervisory regime, which exacerbated the financial crisis, according to AIG's chief risk officer.

New York-based Sid Sankaran told Insurance Risk that AIG welcomes the introduction of the Federal Reserve as a consolidated group supervisor for US systemically important financial

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