(Bloomberg) -- Robert Hockett, a professor at Cornell University Law School, discusses Friday's announcement by the Financial Stability Oversight Council cancelling AIG’s designation as a systemically important financial institution, allowing the New York-based insurer to emerge from tight federal oversight. He speaks with Bloomberg's Michael Best and June Grasso on Bloomberg Radio's Bloomberg Law.

Learn more about your ad-choices at https://www.iheartpodcastnetwork.com