- MetLife (NYSE:MET) is granted a six-month extension by the Fed and the FDIC to file its first plan showing how it could collapse without causing broader economic damage; it will now have to submit its first resolution plan by Dec. 31, 2016.
- The regulators voted at the request of the judge presiding over MET's lawsuit challenging its designation as a "systemically important financial institution" last fall.
- "Living will" plans, designed by companies with oversight from regulators, lay out a path that would allow the companies to declare bankruptcy if necessary without taxpayer assistance.