NY Fed attacks article on AIG debacle


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 counterparti

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking 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 indvidual account here: