MetLife Sifi win leaves G-Sii status meaningless – US lawyers

Federal court decision brings whole Sifi and G-Sii designation process into question

Judge's gavel
MetLife has fought for almost two years to shed its Sifi status

The decision by a US federal court to overturn MetLife’s label as a systemically important financial institution (Sifi) threatens to undermine efforts at global regulation, say key industry figures.

On Wednesday, March 30, US federal court judge Rosemary Collyer ruled the Financial Stability Oversight Council (FSOC) had been wrong to designate the US group a Sifi. The reasons behind the decision were issued under seal and will only become public after redactions next week.

MetLife’s success foll