6. Mend It, Don't End It
These changes alone, of course, would not have prevented AIG’s troubles, which were the result of poor risk controls, negligent oversight by regulators, bad assessments by ratings companies and reckless internal management. But together with the other measures in Dodd-Frank, they could make the system much more resilient next time around.
— Matthew Schoenfeld, in the article "AIG Could Happen Again Without Dodd-Frank Fix."
Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio