The CEO of American International Group, Robert Benmosche, put himself at odds with critics within the financial services industry and Congress opposed to higher capital standards when he said they are justified given the 2008 financial crisis.
In an appearance on CNBC following Thursday's release of AIG's fourth quarter earnings report, Benmosche implied that AIG will be regulated going forward under the Basel III capital standards.
"The regulators are not going to be criticized the next time around," Benmosche said. "They'll make sure we have enough money, and that's just the way it's going to have to be."
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