Will big banks sue the government for too much oversight?

Julie C. Nichols General

HousingWire – Brena Swanson

MetLife (MET) is suing the government — that’s something that doesn’t come around often. Back in December, the Financial Stability Oversight Council used it authority under Dodd-Frank to require MetLife to address its potential threats to financial stability and designated it a non-bank systemically important financial institution. As a result, Board of Governors of the Federal Reserve System will supervise MetLife, in addition to receiving enhanced prudential standards. The council determined that material financial distress at this company – if it were to occur – could pose a threat to U.S. financial stability.

MetLife is not alone in this category though.

>> Read More: http://www.housingwire.com/blogs/1-rewired/post/32633-will-big-banks-sue-the-government-for-too-much-oversight

Visit my website at: www.juliecnichols.com