D.C. regulators would make great poker players, says MetLife (MET +2%) CFO John Hale, presenting at a Deutsche Bank conference. They listen and they ask a lot of questions, but they don't give much away as to how they are leaning.
Hale's comment comes in response to a question about what new capital rules the insurer would face under a SIFI designation. The Fed, he says, doesn't see a way around Dodd-Frank rules which would essentially have MetLife facing the same terms as bank holding companies. For its part, Met has tried to provide the Fed with options, he says.