Trump Nominates Life Industry’s Workman to Replace Woodall on Financial Stability Panel December 1, 2017 President Donald Trump wants Thomas E. Workman, an attorney and former life insurer trade group leader, to be the independent...
Global Regulators Expected to Drop ‘Too Big to Fail’ Test for Insurers November 14, 2017 By Michelle Price and Pete Schroeder Global financial regulators have decided to ditch a “too big to fail” gauge for assessing the riskiness of insurers, according...
U.S. Regulator Lifts Systemic Risk Tag on Slimmed-Down AIG October 2, 2017 By Jesse Hamilton, Sonali Basak and Katherine Chiglinsky American International Group Inc. is no longer too big to fail. That was the ruling Friday from the Financial Stability...
Oversight Panel Makes No Changes in Systemic Risk Tags on Insurers September 25, 2017 By Pete Schroeder A panel of U.S. regulators decided after meeting on Friday to stick with its existing policy for stricter rules on...
MetLife ‘Too Big to Fail’ Case Remains on Hold Awaiting Trump Weigh-In August 3, 2017 By Lisa Lambert Any legal decision on whether the largest U.S. life insurer MetLife Inc. should be labeled “too big to fail” will...
MetLife’s ‘Too Big to Fail’ Lawsuit on Agenda for U.S. Regulators July 25, 2017 By Lisa Lambert Heads of the U.S. financial regulatory agencies will meet behind closed doors this Friday to discuss MetLife Inc.’s lawsuit against...
Consumer Protection Bureau Vows to Defend Mandatory Arbitration Ban July 14, 2017 By Lisa Lambert The political fissure between an Obama-appointed financial overseer and regulators hired by U.S. President Donald Trump is widening, with Consumer...
Court Agrees to Put MetLife ‘Too Big to Fail’ Case on Pause May 15, 2017 A U.S. appeals court on Friday granted a 60-day pause in the long-running case in which the country’s largest life...
U.S. Wants More Time to Review MetLife Systemic Risk Tag May 5, 2017 By Lisa Lambert The U.S. government on Thursday requested a 60-day pause in a case involving MetLife Inc,. the country’s largest life insurer,...
Federal Regulators Plan ‘Too Big to Fail’ Meeting May 2, 2017 By Lisa Lambert The heads of the U.S. financial regulators will meet next week to dive into the sensitive process of labeling companies...