Do federal bank regulators want to eliminate risks in the financial system—or merely own them? On Thursday the Financial Stability Oversight Council designated life insurer MetLife “systemically important”—meaning its failure could threaten the financial markets—after refusing to tell the company how to avoid presenting such a threat.
Trump Administration Drops Appeal in Metlife ‘Too Big to Fail’ Case
- Financial Times (Subscription Required)
- January 19, 2018