What does it mean to be a G-SII?

August 6, 2013 by Elizabeth Festa

MetLife and others in the U.S. insurance industry — even regulators — are trying to figure out what it means to be a globally systemically important insurer (G-SII.)

On July 18, the Financial Stability Board (FSB) designated AIG and Prudential Financial as G-SIIs. MetLife was also designated.

“Our understanding is that being named a G-SII has no legal effect unless MetLife is designated a systemically important financial institution (SIFI) by the Financial Stability Oversight Council (FSOC).  Click here to read…

Originally Posted at LifeHealthPro on August 1, 2013 by Elizabeth Festa.