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March 03, 2016

The Financial Stability Oversight Council voted not to rescind the designation of MetLife for enhanced prudential standards and supervision by the Board of Governors of the Federal Reserve System. The Council designated MetLife in December 2014, and notified the company of its annual review in October 2015.

April 08, 2016
Commentary by Steven Lofchie

Treasury Secretary Jacob Lew issued a statement arguing that a federal court's decision to rescind the determination that MetLife was a so-called "systemically important financial institution" leaves one of the "largest and most highly interconnected financial companies in the world subject to even less oversight than before the financial crisis."