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MetLife speaks its case against SIFI designation
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Financial Stability
Tuesday, February 16, 2016
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MetLife, Inc. – which had been designated a “systemically important financial institution” by the Financial Stability Oversight Council in December 2014 – got its day in court, appearing before U.S. District Judge Rosemary Collyer to challenge its designation. Given the line of questioning on FSOC’s process, a favorable ruling may be possible for the insurance company. Could this lead to other SIFIs shaking off their designation? Could this lead to a re-evaluation of other administrative adjudications?
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