Appeals Court Appears Skeptical of MetLife's SIFI Argument.

UNITED States. Court of Appeals (District of Columbia Circuit) ; METROPOLITAN Life Insurance Co. 006987648 MET; UNITED States. Financial Stability Oversight Council

The article reports that the U.S. Court of Appeals for the D.C. Circuit seemed skeptical of the argument by insurance company MetLife that federal regulators made a mistake when they designated it as a systemically important financial institution (SIFI). Topics covered include the claim by the Financial Stability Oversight Council (FSOC) that it had the authority to designate the company based on potential to affect the economy, and the FSOC citing the Dodd-Frank Act to support its claim.