MetLife's SIFI designation deemed improper by a U.S. Federal Court
Today, a U.S. Federal Court deemed the government’s designation of MetLife as a non-bank Systemically Important Financial Institution (SIFI) as improper. This is a a big win for MetLife in its ongoing battle with the Financial Stability Oversight Council. What this could mean for those non-bank SIFIs already saddled with the designation is to be determined. (View the order here.)
This is for informational purposes only. It is not intended to be legal advice and does not create or imply an attorney-client relationship.
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