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Category Archives: Financial Stability Oversight Council

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A Retooled General Electric: An Industrial Giant That Is No Longer “Too Big To Fail”

Posted in Dodd-Frank, Financial Stability Oversight Council, Too Big To Fail
In May, we reported on the judicial rescission of MetLife’s designation as an entity “too big to fail,” and noted that the court’s decision provided designated companies with a framework to challenge their designation.  Another effective option is to fundamentally change the nature of the business, which is what GE Capital Global Holdings, LLC (“GE”)… Continue Reading

Risk is in the Eye of the Beholder: Court Reconsiders “Too Big to Fail” Designation of MetLife, Inc.

Posted in Dodd-Frank, Financial Stability Oversight Council
The determination by the Financial Stability Oversight Council (“FSOC”) that MetLife, Inc. (“MetLife”) could “pose a threat to the financial stability of the United States” was recently rescinded by the District Court for the District of Columbia.[1] Administrative law provided the grounds for the court’s conclusion that, in designating MetLife as “too big to fail,”… Continue Reading