IAIS under pressure to learn from FSOC mistakes

G-Siis see MetLife opinion as strengthening their case against aspects of international regulation

MetLife building in New York
Firms outside US likely to borrow arguments from Judge Collyer's MetLife opinion

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

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