MetLife Not Happy With "Too Big To Fail" Designation, FSOC Transparency Questioned

The Financial Stability Oversight Council (FSOC) on Thursday said MetLife Inc. is officially “too big to fail,” and Metlife Inc isn’t happy. Meanwhile, the insurance Company Institute expressed concerns regarding FSOC’s decision making transparency. In a statement, the life insurance company argued over the ruling.  “MetLife is not systemically important under the Dodd-Frank Act’s criteria, and the company has presented substantial and compelling evidence to FSOC to support this conclusion,” the statement said, noting that is was “disappointed in the FSOC decision.” Dodd-Frank financial regulation requires the FSOC to identify companies it believes are so “systemically important” that their failure could jeopardize…