MetLife’s too-big-to-fail fight
September 10, 2014 by Emily Holbrook
MetLife CEO Steve Kandarian says “MetLife is not systemically important under the Dodd-Frank Act criteria. In fact, MetLife has served as a source of financial strength and stability during times of economic distress, including the 2008 financial crisis.”Whether those arguments hold up when MetLife contests the designation remains to be seen. The company has one month to request a hearing with the council to challenge the decision. If that challenge fails, we may see MetLife take the regulators to federal court.
MetLife CEO Steve Kandarian isn’t going to let the feds treat his life insurance company like a Wall Street bank without a fight: View Original Source
Originally Posted at LifeHealthPro on September 9, 2014 by Emily Holbrook.
Categories: Industry Articles