MetLife Should Keep ‘Too Big To Fail’ Tag, DC Circ. Told

Law360, Washington (October 24, 2016, 3:51 PM EDT) -- The federal government fought to reinstate MetLife’s “too big to fail” designation in a closely watched case before a D.C. Circuit panel Monday, arguing regulators weren’t required to prove the insurance giant is likely to collapse before imposing heightened scrutiny on the company.

An attorney for the Department of Justice challenged a D.C. federal judge’s decision to rescind the Financial Stability Oversight Council’s designation of the insurance giant as a nonbank systemically important financial institution, or SIFI, whose collapse could threaten the U.S. economy.

U.S. District...
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