MetLife objects to SIFI designation by FSOC

December 18, 2014 by Warren S. Hersch

MetLife Inc. reacted negatively to a decision by the Financial Stability Oversight Council (FSOC) naming the insurer a non-bank systemically important financial institution or SIFI.

“We are disappointed in the FSOC decision,” MetLife said today in a press statement. “We continue to believe that MetLife is not systemically important under the Dodd-Frank Act’s criteria, and the company has presented substantial and compelling evidence to FSOC to support this conclusion. Click here to read…

Originally Posted at LifeHealthPro on December 18, 2014 by Warren S. Hersch.