WASHINGTON, D.C., April 3, 2012 – J. Stephen Zielezienski, senior vice president and general counsel for the American Insurance Association (AIA), issued a statement in response to the Financial Stability Oversight Council’s (the Council) vote to formally adopt criteria for nonbank “systemically important financial institutions” (SIFIs). The Council, which was granted SIFI rulemaking authority for certain nonbank financial institutions under the Dodd-Frank Act, issued the criteria at its meeting earlier today.