MetLife Not Likely To Challenge FSOC Despite Questionable Analysis
The decision by the U.S. Treasury Department's Financial Stability Oversight Council (FSOC) to tag insurance company MetLife as a systematically significant institution was controversial. Now, Sterne Agee is adding fuel to a fire that will likely die out, as no further action from Met Life on the issue is expected.
In a research report today, Sterne Agee analysts John Nadel, Wesley Carmichael and Michael Ward concluded the FSOC report is “one-sided” and that it is “abundantly clear” the report “paid little attention to mitigating factors” MetLife . . .
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