MetLife to meet skeptical regulators in bid to escape rules

MetLife will meet behind closed doors the heads of the agencies grouped together in the Financial Stability Oversight Council (FSOC), who want the Federal Reserve to oversee MetLife's business and force it to meet higher capital standards. Metlife, unlike counterparts AIG and Prudential which have already been deemed "systemic" by FSOC, has vigorously fought the tag. After FSOC in September proposed to add MetLife to that group, the insurer's chief executive Steven Kandarian hit back.

via Business News http://ift.tt/1A2K4BH