Arab Today, arab today metlife us slates it for stepped up monitoring
Last Updated : GMT 19:58:22
Arab Today, arab today
Arab Today, arab today

MetLife: US slates it for stepped up monitoring

Arab Today, arab today

Arab Today, arab today MetLife: US slates it for stepped up monitoring

Insurance company MetLife
Washington - AFP

Treasury regulators have decided insurance company MetLife is a potential threat to the US financial system requiring stepped-up Federal Reserve supervision, the company said Thursday.
MetLife, a leading insurer, said it was "disappointed" after being notified of the decision by the Financial Stability Oversight Council, established as part of the Dodd-Frank Wall Street reform after the 2008 financial crisis.
"We continue to believe that MetLife is not systemically important under the Dodd-Frank Act's criteria, and the company has presented substantial and compelling evidence to FSOC to support this conclusion," it said in a statement.
The insurer has been battling the label since the Treasury in early September began considering the designation.
"As we have said many times, singling out two large life insurance companies for SIFI designation will harm competition, lead to higher prices and less choice for consumers, and ultimately could result in less financial protection for middle-class families -- who need it the most."
MetLife was referring to rival Prudential Financial, another life-insurance giant which has been deemed a "systemically important  financial institution" (SIFI) and placed as a non-banking institution under the supervision of the Federal Reserve,
Two other non-banks are on the list and subject to Fed "stress tests" to determine whether they are capable of weathering severe shocks: American International Group and General Electric Capital.
MetLife has operations in nearly 50 countries and serves about 100 million customers.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today metlife us slates it for stepped up monitoring Arab Today, arab today metlife us slates it for stepped up monitoring

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today metlife us slates it for stepped up monitoring Arab Today, arab today metlife us slates it for stepped up monitoring

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday