Insurance giant American International Group (AIG), which became a troubled institution in the wake of the subprime crisis, could be classified as a systemically important financial institution under new Dodd-Frank reform rules, the Los Angeles Times reported Tuesday.

Taxpayers still have a significant stake in the firm, which was bailed out by the Treasury back in 2008.

Firms classified as systemically significant face more Federal Reserve oversight, including requirements forcing them to boost capital reserves.

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