Economists and historians often talk of the so-called domino effect in systemically interconnected financial markets. That same domino effect might now be observed in systemic regulation itself.
Speaking to Risk.net, key industry figures say the decision by the district court in Washington, DC, to rescind the designation of MetLife as a systemically important financial institution (Sifi) could be the first stage in a wider unravelling of global rules for systemically important insurers. On the s
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