MetLife states case ahead of Sifi court hearing

NAIC agrees with insurer, criticises the FSOC's 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

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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…

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