MetLife Again Faces Off With Regulators Over Its Too-Big-to-Fail Status
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President Obama signing the Dodd-Frank Act in 2010. The law empowered a group of regulators to designate some nonbank firms as so-called systemically important financial institutions. CreditDoug Mills/The New York Times
WASHINGTON — Three judges at Washington’s federal appeals court on Monday questioned the government’s analysis that led to MetLife’s designation as a “too big to fail” financial company, as the Justice Department appeals a lower court’s decision to strip the insurance giant of that label.
During arguments that lasted a little more than an hour, the judges explored whether banking regulators should have more explicitly examined the likelihood that MetLife would have failed — one of the insurer’s central arguments — rather than just looking at what would happen if it did…
MetLife Again Faces Off With Regulators Over Its Too-Big-to-Fail Status
