Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

MetLife Challenges FSOC Secrecy with Document Demand

Joe Mont | June 30, 2015

The notoriously secretive Financial Stability Oversight Council will need to divulge hundreds of pages of its files if MetLife prevails in its latest legal gambit.

In December 2014, FSOC designated Metlife, the nation’s largest insurance company, as a Systemically Important Financial Institution, subjecting it to new regulatory, disclosure, and capital demands. After failing to prevail in FSOC’s appeal process, MetLife, in January, sued the agency in U.S. District Court for the District of Columbia. A Motion for Summary Judgment, reiterating the firm’s claim that its designation was neither constitutional, nor in line with the intent to the...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.