MetLife Disavows “Systemically Important” Proposal
Economy / Politics / Regulation

MetLife Disavows “Systemically Important” Proposal

MetLife, a nonbank financial company (NFC) and the largest insurer in the U.S., called for a hearing Monday to oppose being labeled “systemically important.”  After the Financial Stability Oversight Council (FSOC), a major financial watchdog, voted in favor of adding MetLife to the list of systemically important financial institutions (SIFIs) in September, the firm hustled … Continue reading

Now Batting for Dodd-Frank: The State Department steps in to help save the Resource Extraction Rule
America / Dpt. of State / Fiscal policy / Regulation

Now Batting for Dodd-Frank: The State Department steps in to help save the Resource Extraction Rule

Late last week a seldom heard voice echoed throughout the regulatory reform debate forum when the U.S. Department of State openly stood behind the controversial Securities and Exchange Commission (SEC) ‘Resource Extraction Rule.’ This rule, developed as part of the continuing cavalcade of Dodd-Frank initiatives, went into effect last August with the goal of requiring … Continue reading