Metlife shakes Sifi status with court battle win

US life insurer MetLife has won a legal battle against the US
Financial Stability Oversight Council (FSOC) to shake its label as
too big to fail.
Bloomberg News reported today (30 March) that a federal judge in
Washington rejected the FSOC's rationale for classing Metlife
as a non-bank systemically important financial institution
(Sifi).
The reasons for the ruling were sealed by the judge.
Designated Sifis are subject to more intense regulatory scrutiny
and are forced to hold higher levels of...