MetLife, Regulators Square Off Over SIFI Designation
Law360, Los Angeles (February 8, 2016, 7:43 PM EST) -- MetLife Inc. is set to go to court Wednesday to defend its lawsuit challenging the Financial Stability Oversight Council's decision to name it a systemically important financial institution, or SIFI, whose collapse could threaten the stability of the U.S. economy, arguing that the FSOC made unsupported conclusions about the insurer's business.
Here, Law360 breaks down the dispute in anticipation of oral arguments on whether MetLife's case can proceed.
What's at Stake
The FSOC, an organization of financial regulators created by the Dodd-Frank Act to identify and monitor threats to the U.S. economy, is vested with the authority to designate certain large...
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