Frederick J. Pomerantz and Aaron J. Aisen, attorneys in Goldberg Segalla’s Global Insurance Services
Practice Group, analyzed the recent decision that granted MetLife’s motion to remove the non-bank SIFI designation imposed by the Financial Stability Oversight Council (FSOC).
The decision marked the first time
a SIFI-designated company challenged the designation, which the court overturned on three grounds all based on principles of administrative law. As Fred and Aaron write in their analysis for Law360
, “The implications of this decision for MetLife and the insurance industry as a whole are not entirely clear given the nature of the opinion. The opinion focuses on the process FSOC used in making its decision and processes can be easily adjusted.”
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