FSOC seeks prompt arguments in MetLife case
August 18, 2016 by Arthur D. Postal
WASHINGTON — The government today renewed its call for prompt oral arguments in the case involving its designation of MetLife as a systemically important financial institution (SIFI), hopefully in October or “as soon thereafter as is feasible.”
The March 30 decision by Judge Rosemary Collyer declaring MetLife’s designation as arbitrary and capricious “nullifies an important action that the nation’s financial regulators collectively took in response to a potential threat to U.S. financial stability,” the Financial Stability Oversight Council (FSOC) said in a memo to the U.S. Court of Appeals for the D.C. Circuit. “Prompt resolution is essential,” the brief said. Click HERE to read the full story. LifeHealthPro articles require free registration to view.
