The designation of MetLife as a systemically significant nonbank financial institution (SIFI) by the Financial Stability Oversight Council (FSOC) was recently rescinded by the United States District Court for the District of Columbia. The Treasury Department has indicated that the government will appeal the decision. In a SPECIAL FOCUS article, Roland Goss profiles the court decision and the prospects for a reinsurance company being designated by FSOC as a SIFI.
This post written by Rollie Goss.
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