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Mark MetLife as pleased as Congress passes Capital Standards Clarification Act

Dec. 11, 2014 7:31 AM ETMetLife, Inc. (MET) StockBy: Stephen Alpher, SA News Editor
  • The Insurance Capital Standards Clarification Act of 2014 "give(s) the Federal Reserve the flexibility to tailor bank-centric capital rules for the life insurance business," says MetLife (NYSE:MET) CEO Steven Kandarian.
  • Pretty much alone among its industry, MetLife has been beating the drum that regulators would be nuts to create one size fits all capital rules for banks and insurers.
  • Source: Press Release

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