Friday, December 19, 2014

MetLife gets risk tag from U.S. panel

MetLife gets risk tag from U.S. panel

(Bloomberg) -- MetLife Inc., the biggest U.S. life insurer by assets, was labeled a systemically important financial institution (SIFI) by a council of regulators and said it will consider whether to sue the government over the decision.

The Financial Stability Oversight Council (FSOC) voted to designate New York-based MetLife a SIFI, the insurer said today in a statement.

The ruling subjects MetLife to stricter Federal Reserve oversight that could include tougher capital, leverage and liquidity requirements. The company can appeal in U.S. district court within 30 days... Keep reading >>

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