AIG Financial Products opts against "Big Bang" protocol

04/13/2009 | Financial Times (free content)

American International Group confirmed that its financial-products division did not sign up for the "Big Bang" protocol, a revamp of the global derivatives market. More than 2,000 other market participants signed up for the protocol, which is intended to help investors in the credit-derivatives market know what will happen in the event of a default.

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