- The rematch between the two parties over MetLife's (NYSE:MET) SIFI designation is set to take place before a three-judge panel in U.S. appeals court today.
- Earlier this year, a federal judge struck down the Financial Stability Oversight Council's designation of the insurer as systemically important (and with it tougher regulatory standards), calling the FSOC out for its "arbitrary and capricious" process.
- A decision from the appeals panel could come before year-end, and the loser might then elevate the case to the full court or to the Supreme Court.