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MetLife not 'too big to fail', rules judge
She says regulators failed to adequately assess insurance company's vulnerability to extreme financial distress
Add BT as a preferred sourcePublished Thu, Mar 31, 2016 · 09:50 PM
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Washington
OPPONENTS of the Dodd-Frank financial overhaul won an important battle on Wednesday as a federal judge here stripped the "too big to fail" label from the insurance company MetLife.
With memories still fresh on how American International Group's (AIG) 2008 near-collapse rattled the global financial system, the Dodd-Frank Act empowered regulators to classify certain large non-bank institutions as deserving as the big banks of increased capital requirements and greater scrutiny.
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