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http://online.wsj.com/public/resources/documents/011315metlife.pdf
Jan 13, 2015 · IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA METLIFE, INC., 200 Park Avenue New York, NY 10166 ... for its complaint against Defendant, FINANCIAL STABILITY OVERSIGHT COUNCIL (“FSOC” or “the Council”), alleges, by and through its attorneys, and on information ... FSOC fixated on MetLife’s size and so-called
https://www.forbes.com/sites/norbertmichel/2016/04/18/metlife-wins-first-legal-challenge-to-sifi-process-still-need-to-get-rid-of-fsoc/
Apr 18, 2016 · The U.S. District Court in D.C. rescinded MetLife's SIFI designation on March 30. (Photographer: Craig Warga/Bloomberg) In September 2014, the …Author: Norbert Michel
https://thehill.com/blogs/pundits-blog/finance/229701-metlife-goes-to-court
According to the complaint, FSOC discounted MetLife's evidence and relied instead on vague prophecies of doom. For example, in looking at how exposed other firms are to MetLife, FSOC ignored the ...
https://www.americanbanker.com/news/metlife-victory-an-embarrassment-for-fsoc-but-impact-unclear
Mar 30, 2016 · While the motion specifically referenced by the order is under seal, those counts in the original complaint from January 2015 correspond to MetLife's charges that the FSOC violated the Administrative Procedure Act, Dodd-Frank and due process by failing to "assess MetLife's vulnerability to material financial distress" (count four) and failed to ...
https://www.institutionalinvestor.com/article/b14z9v1q5vldr7/metlife-sifi-complaint-raises-alarm-for-large-asset-managers
Jan 26, 2015 · In late December the FSOC told MetLife, which has $4.3 trillion worth of life insurance in force worldwide, of the SIFI designation; on January 13, MetLife filed its complaint to overturn the ...Author: Julie Segal
https://morningconsult.com/wp-content/uploads/2016/04/fsoc-ruling.pdf
The Financial Stability Oversight Council (FSOC) has determined that “material financial distress” at MetLife, Inc. could “pose a threat to the financial stability of the United States.”
https://www.insurerereport.com/fsoc-replies-to-metlife-lawsuit-challenging-nonbank-sifi-status/
Jun 02, 2015 · In early 2015, MetLife filed a lawsuit challenging its designation as a nonbank systemically important financial institution (nonbank SIFI). On May 11, 2015, the Financial Stability Oversight Council (FSOC) filed a redacted motion to dismiss (or in the alternative a motion for summary judgment) in response to MetLife’s lawsuit. One of MetLife’s key arguments in its complaint is that FSOC ...
https://www.americanbanker.com/news/four-takeaways-from-metlifes-sifi-legal-challenge
Jan 13, 2015 · MetLife's complaint, which claimed the council did not adequately consider an activities-based assessment, could prod FSOC more in that direction. "MetLife had been suggesting for some time that a similar approach should be taken toward MetLife and insurers if FSOC thought there was risk, but for reasons that are not clearly explained FSOC ...
https://www.americanactionforum.org/research/fsoc-for-sure-overly-capricious-metlife-thinks-so/
Jun 16, 2015 · Perhaps the most interesting aspect of the back-and-forth between MetLife and FSOC is the due process issue. MetLife, in its complaint, argues that its due process was violated by the Council never identifying the thresholds that result in designation or how the various statutory and regulatory factors are balanced against one another; by being ...
https://www.carriermanagement.com/news/2015/01/14/134103.htm
Jan 14, 2015 · MetLife Inc. on Tuesday sued U.S. regulators over a decision to subject the insurer to tougher oversight because it harbors enough risk to endanger the financial system if the next crisis hits. The largest U.S. life insurer unsuccessfully contested a ruling by the Financial Stability Oversight Council (FSOC) last month, and a lawsuit is its … Continued
https://www.chamberlitigation.com/cases/metlife-inc-v-financial-stability-oversight-council
Mar 30, 2016 · In December 2014, the Financial Stability Oversight Council (FSOC) made a final determination to designate MetLife as a SIFI, pointing to two “channels” as bases for its designation: (i) potential risks to counterparties and market participants that may arise from exposures to the company; and (ii) the potential that a “fire sale” of ...
https://www.law360.com/articles/610869/metlife-takes-sifi-designation-challenge-to-dc-court
Jan 13, 2015 · According to MetLife’s complaint, the FSOC’s decision failed to take into account the comprehensive state insurance regulatory regime and the extensive regulatory requirements that its ...
https://www.assetmanagementadvocate.com/2016/03/metlife-and-the-cost-of-sifi-designation/
Mar 31, 2016 · The order grants MetLife summary judgment on Count VII of its complaint. Count VII objected to the SIFI designation “because FSOC failed to consider the economic effects of designation on MetLife.” SIFI designation, according to this count, would place MetLife at a competitive disadvantage, causing it to “lose billions of dollars in value.”
http://www.brokeandbroker.com/2656/snoopy-metlife-fsoc/
SIFI Snoopy In Constitutional Dogfight With Feds January 15, 2015 Some civil Complaints seem destined to become "landmark" or "historic."You read through the pleading and it hits you that this dispute may change the regulatory landscape, for better or worse.
http://ipjournal.law.wfu.edu/2017/09/6886/
By: Tyler Cunningham * Guest Writer On December 18, 2014, the FSOC labeled MetLife as a systematically important financial institution. MetLife, not satisfied with its new “SIFI” label, decided to file a complaint and appeal the FSOC’s decision. On March 30, 2016, Judge Rosemary M. Collyer of the Federal District Court for the District of Columbia, ...
https://www.regulationtomorrow.com/us/as-expected-metlife-files-suit-to-challenge-sifi-designation/
Relief sought includes not only setting aside the designation of MetLife as a SIFI, but also declaring void the entire administrative process by which the FSOC designates SIFIs. The 79 page complaint sets out in detail the FSOC administrative designation process that MetLife went through, summarizing the arguments it made to the FSOC in an ...
https://www.mercatus.org/expert_commentary/metlife-goes-court-Dodd-Frank-FSOC
Jan 16, 2015 · The following scene (colored by some creative license) took place at MetLife headquarters last month, when the Financial Stability Oversight Council (FSOC) declared MetLife to be a systemically important non-bank financial company. As a consequence, MetLife will be regulated by the Federal Reserve using Dodd-Frank's prescriptive, bank-like regulatory framework.
https://www.law360.com/articles/627343/us-seeks-more-time-to-respond-to-metlife-sifi-suit
US Seeks More Time To Respond To MetLife SIFI Suit ... deadline for its response to MetLife’s complaint. The FSOC noted that MetLife’s challenge is the first to the designation for a nonbank ...
https://www.reuters.com/article/us-metlife-lawsuit-idUSKBN0KM1A720150113
Jan 13, 2015 · In its complaint, MetLife gave several reasons why FSOC’s decision was “arbitrary and capricious,” the only way the law provides for it to win its case. Lawyers say this poses a high, though ...
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