MetLife states case ahead of Sifi court hearing
NAIC agrees with insurer, criticises the FSOC's reasoning
The decision of the US Financial Stability Oversight Council (FSOC) to designate MetLife as a systemically important financial institution (Sifi) was "predicated on unbounded speculation, ahistorical analysis, shifting standards and undisclosed evidentiary material", according to MetLife's cross-motion, which was submitted to the US district court in Washington, DC, on June 16.
As a consequence of these failings, MetLife says the FSOC has violated the Dodd-Frank Act, the Consumer Protection Act
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