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A Short-Lived Victory For MetLife Over SIFI Designation?

Law360, New York (April 12, 2016, 1:07 PM EDT) -- Frederick J. Pomerantz

Aaron J. Aisen MetLife Inc. is, at least for the time being, no longer a nonbank systemically important financial institution. On March 30, 2016,[1] Judge Rosemary M. Collyer issued her long-awaited decision in the MetLife v. Financial Stability Oversight Council[2] litigation. She held that certain actions taken by the Financial Stability Oversight Council (FSOC) during the evaluation process required the court to overturn the designation. Among these actions: 1) FSOC acted contrary to a clearly articulated rule that it promulgated explaining the criteria...
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