Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018
MetLife and FSOC close door on Sifi appeal
- 20 January 2018
MetLife and the US Financial Stability Oversight Council formally sought to end the big life insurer's status as a systemically important financial institution yesterday, which would leave New Jersey's Prudential Financial as the last insurer under Federal Reserve oversight as a Sifi.
In a joint motion, MetLife and the council asked a federal appeals court to dismiss a move to reverse a district court's ruling that removed MetLife from Fed oversight in 2016. The Obama Justice Department had appealed the...
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