Securities Lending
Q: Who At AIG Was Responsible for Securities Lending?
Q: Who at AIG Was Responsible for Securities Lending? AIGFP and AIG Securities Lending – Connected? Outside of the holding co., the insurance subs have about $68B in securities lending liabilities to the 12 largest firms. Program is managed by the holding company (AIG Financial Products). 2008 0912 – FCIC – 2008-09-12 Alejandro LaTorre Email…
Read MoreQ: Did Insurance Regulators tell AIG to Wind-Down their Securities Lending Business?
Q: Did Insurance Regulators tell AIG to Wind-Down their Securities Lending Business? This regulator said it began discussions with the company about securities lending in 2006. ⇒ AIG told us it was unaware of the regulator’s concerns. (p15) 2011 09 – GAO – Review of Federal Reserve System Financial Assistance to American International Group, Inc…
Read MoreAIG – Securities Lending – Insurance Regulators
AIG – Securities Lending – Insurance Regulators Q: Did Insurance Regulators tell AIG to Wind-Down their Securities Lending Business? (18) – Baxter: When you look at what happened with AIG’s securities borrowing program, in a nutshell, AIG’s insurance companies held Treasury securities, which they lent out for cash. Then they used that cash to buy…
Read MoreSecurities Lending – Index
Securities Lending – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ A AIG – Different Investment Strategies re: Mortgage Backed Securities – AIGFP vs AIG Securities Lending AIG – Securities Lending AIG – Securities Lending – Counterparties AIG – Securities Lending – Dinallo AIG – Securities Lending – Government Hearings AIG – Securities Lending – Insurance Companies AIG – Securities Lending…
Read MoreSecurities Lending – FRB
FRB – Securities Lending On October 6, 2008, all five Board members voted to authorize the New York Reserve Bank to lend up to $37.8 billion to AIG secured by the investment grade debt securities previously lent by AIG’s insurance subsidiary to third parties (the Securities Lending Facility). (p The proceeds of the loan allowed…
Read MoreHester Peirce
Hester Peirce SEC – sec.gov/biography/commissioner-hester-m-peirce Mercatus – mercatus.org/people/hester-peirce#0 2014 – Mercatus / American Banker – AIG’s Collapse: The Part Nobody Likes to Talk About, Hester Peirce – [link] p119-120, 2017 1024 – GOV (House) – The Federal Government’s Role in the Insurance Industry, Sean Duffy (R-WI) — [BonkNote] 2014 YEAR? – AP – AIG: The Missing Piece of Its Failure…
Read MoreAIG – Securities Lending – Timeline
AIG – Securities Lending – Timeline Secured Borrowing Facility 2007 1010 – AIG – Finance Committee – 2p Mr. Adamczyk reviewed the securities lending program, nothing <Typo-noting> that he program has generated $750 million in pre-tax income in the Past 10 years, $200 million 2006. He reported that liquid assets of approximately $20 billion now exceed…
Read MoreSecurities Lending – FCIC
FCIC – Securities Lending fcic-static.law.stanford.edu/NARA.FCIC.2016-03-11/FCIC_Finding_Aid.pdf – 2190p, 11 results – “Securities Lending” 2005-12-20 CRC memo re AIGGIG Global Securities Lending Cash, (AIG-FCIC00550171-00550175.pdf)- 5p Securities Lending – Tom K’s Notes_1.docx 2010-08-31 (Miller, Stroebel) Securities Lending_1.docx Wholesale Funding/Shadow Banking: Real Estate Lending Standards Repo Reserve Primary Fund Securities Lending
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Securities Lending Securities Lending – Index Securities Lending – AIG Securities Lending – AIG – FCIC Securities Lending – FCIC Securities Lending – FRB Securities Lending – Insurance Regulators Figure 7 illustrates our identification strategy by focusing on the differences in lending behavior between MetLife and AIG. 2019 – FRB – Over-the-Counter Market Liquidity and…
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