MetLife, bracing for SIFI-hood, considering options

November 1, 2013 by Elizabeth Festa

MetLife’s CEO Steve Kandarian said on an earnings conference call today that the company is possibly considering action to contest a potential designation by federal authorities to name it as a systemically important financial institution (SIFI).

Kandarian was speaking to investors and analysts after third quarter results were released Oct. 30, a transcript of which was offered by Seekingalpha.com.

Specifically, Kandarian said, that although it is too early for MetLife to make that decision, “We were not ruling out any of the available remedies under Dodd-Frank to contest a SIFI designation.” Click here to read…

Originally Posted at LifeHealthPro on October 31, 2013 by Elizabeth Festa.