MetLife Wants SIFI Appeal Paused Amid Trump Order

By Ryan Boysen (April 24, 2017, 8:57 PM EDT) -- MetLife Inc., hoping it could be the first beneficiary of an executive order to review regulations for large financial institutions, on Monday asked the D.C. Circuit to pause the appeal of a ruling that freed the insurer from some of those very regulations.

President Donald Trump had ordered the U.S. Department of the Treasury on Friday to review, among other things, the Financial Stability Oversight Council's process for designating financial institutions "systemically important," a label that comes with considerable regulatory strings.

MetLife has been waging a furious legal battle against FSOC ever since the insurer received the designation in 2014, with...

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