July 28, 2022
The Financial Stability Oversight Council convened on Thursday to identify and address climate-related financial risk. The FOC last year published an extensive report on climate-related financial risk and issued dozens of best-practices recommendations to U.S. financial regulators to identify and …
May 21, 2021
President Joe Biden on Thursday directed federal agencies to assess and mitigate the increasing and serious risks that climate change poses to individuals, businesses, the federal government and the U.S. financial system, the White House said. Biden issued an executive …
April 25, 2017
MetLife Inc. is asking a U.S. court to put on pause a case over how the government deems certain companies “too big to fail,” one of the most significant reforms to come out of the financial crisis, while President Donald …
November 15, 2016
When Jeb Hensarling, the Republican chair of the U.S. House Financial Services Committee, released legislation this summer to weaken the major financial law known as Dodd-Frank, many said it was a prêt-a-porter plan that his party’s nominee, Donald Trump, could …
June 17, 2015
U.S. regulators will disclose to lawmakers more than 1,400 pages of documents explaining why companies such as American International Group Inc. and MetLife Inc. are subject to tougher oversight. The Financial Stability Oversight Council is providing the papers after Republicans …
May 12, 2015
The head of the Senate Banking Committee unveiled his long-awaited bill to toughen oversight of the Federal Reserve and ease the regulatory burden on dozens of banks, setting off what could be intense negotiations with Democrats. In legislation that Senator …
May 8, 2015
MetLife Inc.’s lawsuit challenging its designation by regulators as critical to the economy should be thrown out, U.S. Justice Department lawyers said without making public their arguments to the judge. MetLife on January 13 became the first nonbank to challenge …
April 28, 2015
Roy Woodall, a member of the U.S. panel charged with preventing another financial crisis, said he is concerned that global regulators have too much influence over policy in Washington. “International regulatory organizations may be attempting to exert what I consider …
March 24, 2015
A Republican congressman and a Democratic colleague have introduced a bill to shed more light on the workings of the Financial Stability Oversight Council, which watches for emerging threats to market stability. The draft bill by Florida Republican Dennis Ross …
January 14, 2015
MetLife Inc. Chief Executive Officer Steve Kandarian, who is suing to reverse a U.S. finding that subjects the insurer to greater oversight, said his company’s performance in the financial crisis shows its ability to withstand turmoil. The insurer’s cost was …