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Icahn asks AIG to split to avoid 'too-big-to-fail' tag

Icahn’s campaign highlights how some large financial companies are being given an incentive to break up as regulators impose costs on them in the wake of the financial crisis. A global task force, the Financial Stability Board, is due to update next month its list of insurance companies deemed to be “systemically important”. The tag indicates regulatory concerns that a company’s failure might imperil the financial system.

Icahn asks AIG to split to avoid 'too-big-to-fail' tag

Icahn’s campaign highlights how some large financial companies are being given an incentive to break up as regulators impose costs on them in the wake of the financial crisis. A global task force, the Financial Stability Board, is due to update next month its list of insurance companies deemed to be “systemically important”. The tag indicates regulatory concerns that a company’s failure might imperil the financial system.