MetLife's SIFI designation deemed improper by a U.S. Federal Court
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Today, a U.S. Federal Court deemed the government’s designation of MetLife as a non-bank Systemically Important Financial Institution (SIFI) as improper. This is a a big win for MetLife in its ongoing battle with the Financial Stability Oversight Council. What this could mean for those non-bank SIFIs already saddled with the designation is to be determined. (View the order here.)
