Tag Archives: MetLife

Bayview’s new insurance asset management business will be led by Chief Investment Officer Nancy Mueller Handal, who will bring her leadership in expanding Bayview beyond its traditional focus on corporate credit.

The decision to remove the "systemically important" designation from MetLife has been viewed as a victory for opponents of Dodd-Frank Wall Street reform. However, they should not be so quick to celebrate, according to Treasury Secretary Jacob Lew.

Robert C. Hockett of the Cornell Law Faculty breaks down a judge's recent decision to remove the "systemically important" designation from MetLife—and the implications for Dodd-Frank and the economy if the decision stands.

The court's removal of the SIFI tag is a victory for opponents of the Dodd-Frank Act who claim that the controversial Wall Street reform legislation enables “Too Big to Fail.”

The National Association of Insurance Commissioners (NAIC), the American Council of Life Insurers (ACLI), the Academic Experts in Financial Regulation (AEFR), and the U.S. Chamber of Commerce all filed briefs backing the New York-based global insurance provider's attempt to remove the SIFI tag.

"Far from presenting systemic risk to the U.S. economy, MetLife is a source of financial stability," a spokesman from MetLife said in an email to DS News. "We strongly disagree with the arguments laid out by the government in its brief and look forward to responding in court next month."