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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here