MetLife states case ahead of Sifi court hearing

NAIC agrees with insurer, criticises FSOC reasoning

MetLife building in New York

The decision of the US Financial Stability Oversight Council (FSOC) to designate MetLife as a systemically important financial institution (Sifi) was "predicated on unbounded speculation, ahistorical analysis, shifting standards and undisclosed evidentiary material", according to MetLife's cross-motion, which was submitted to the US district court in Washington, DC, on June 16.

As a consequence of these failings, MetLife says the FSOC has violated the Dodd-Frank Act, the Consumer Protection Act,