Deals
MetLife Says Lew-Yellen Panel Spreads Risks It's Supposed to End
- Insurer wants U.S. judge to remove too-big-to-fail tag
- MetLife's biggest risk is the SIFI designation, CEO says
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For MetLife Inc. Chief Executive Officer Steve Kandarian, the scariest risk is being classified as risky.
MetLife lawyers go to court Wednesday seeking to overturn a too-big-to-fail designation in a lawsuit that could, if the insurer prevails, reduce the government’s ability to rein in large financial firms. If the company loses, Kandarian may face tougher oversight including harsher capital and leverage requirements, although final rules haven’t been written.