"A Short-Lived Victory for MetLife Over SIFI Designation?" Law360 April 12, 2016
“MetLife Inc. is, at least for the time being, no longer a nonbank systemically important financial institution,” write Frederick J. Pomerantz and Aaron J. Aisen, attorneys in Goldberg Segalla’s Insurance Regulatory and Global Insurance Services Practice Groups in their examination of the long-awaited decision in the MetLife v. Financial Stability Oversight Council litigation.
“The implications of this decision for MetLife and the insurance industry as a whole are not entirely clear given the nature of the opinion. … This is a process decision, and they create considerably more ambiguity than a decision on substance.”
Fred and Aaron analyze the decision and the grounds on which the court overturned the SIFI designation — all based on principles of administrative law — to examine what the ruling could mean for the insurance industry.
Read the article here:
- “A Short-Lived Victory For MetLife Over SIFI Designation?” Law360, April 12, 2016 (subscription required)