MetLife could be designated a systemically important financial institutions (SIFI) as early as next week, Bloomberg News said today.
The Bloomberg article did not name a source. It said the vote could come during the next meeting of the Financial Stability Oversight Council (FSOC) July 31. However, the Bloomberg article said the vote could be delayed briefly because the council hasn't formally closed its review of the company.
John Nadel, an analyst at Sterne, Agee and Leach in New York, said he was not surprised and that institutional investors had been expecting it "for some time, it has been just a question of when."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
