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Bloomberg: MetLife set to be designated systemically important

  • U.S. regulators are poised to label MetLife (NYSE:MET) "systematically important" and a potential threat to the financial system, subjecting the insurer to oversight by the Federal Reserve, Bloomberg reports.
  • MET has been under consideration as systemically important for more than a year, and its executives have met more than 10 times with Financial Stability Oversight Council staff members to argue it doesn’t pose a risk.
  • The report says a decision by the council may come as early as July 31, when the panel is tentatively planning to meet.
Comments (3)
  • Lamarius
    , contributor
    Comments (46) | Send Message
     
    Can whomever is writing these things get the difference between systemic and systematic correct? every time systemic is quoted, someone paraphrases it, incorrectly to systematic. they are not to be used interchangeably, much like tragedy and travesty. Thank you
    22 Jul 2014, 06:05 PM Reply Like
  • Dr.Thomas E. Martin III, PhD
    , contributor
    Comments (30) | Send Message
     
    As a former MetLife NEF registered securities rep, I hope the NEF agent commission validation grid no longer forces agents to steer consumers and business owners assets into RISKY STOCK VUL products..Back in 2005, I filed ethics complaints against NEF/MetLife mentors for attempting to bait and switch my business clients into VUL products. From that point, I moved to work in vacation ownership /timeshare planning.

     

    NEW ENGLAND LIFE INSURANCE COMPANY v. LINKOWSKI et al
    Plaintiff: NEW ENGLAND LIFE INSURANCE COMPANY
    Defendant: STEVE LINKOWSKI, JR., PITTSBURGH LINKOWSKI GROUP, INC., MINNESOTA LIFE INSURANCE COMPANY, ANGELA FERRANTE, PAUL HILLIARD, ROBERT CORCORAN, GARY KLOBCHAR, IBRAHIM FETAHI and DANA CURTIN
    Counter Claimant: STEVE LINKOWSKI, JR. and PITTSBURGH LINKOWSKI GROUP, INC.
    Counter Defendant: NEW ENGLAND LIFE INSURANCE COMPANY

     

    Case Number: 2:2007cv00300
    Filed: March 9, 2007

     

    Court: Pennsylvania Western District Court
    Office: Pittsburgh Office
    County: XX US, Outside State
    Presiding Judge: Donetta W. Ambrose

     

    Nature of Suit: Contract: Other
    Cause of Action: 28:1332 Diversity-Breach of Contract
    Jury Demanded By: Both
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    Search for this case: NEW ENGLAND LIFE INSURANCE COMPANY v. LINKOWSKI et al
    22 Jul 2014, 06:15 PM Reply Like
  • Tonyw575
    , contributor
    Comments (17) | Send Message
     
    I hope the regulators figure out that MET is an insurance company. It should be regulated as an insurance company. It has insurance liabilities, not short-term borrowings.

     

    MET should not be regulated as a bank. Nor as an electric utility, for that matter.
    22 Jul 2014, 08:34 PM Reply Like
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