COMPANIES The US government’s decision to pay out all the money owed by AIG to its financial derivatives counterparties is widely regarded as a “blueprint” for the level of government support that can be expected in the derivatives industry.
Indeed, the list of counterparties shows that many banks benefited from the government’s decision to ensure AIG’s obligations were met, including some of the biggest dealers in the derivatives industry, such as Deutsche Bank, Goldman Sachs and Société Générale.
