WASHINGTON — The Financial Stability Oversight Council had a relatively quiet year in 2015, but a handful of critical tests coming up in 2016 could permanently shape the future of the interagency council.
It started the year on aggressive footing. At the final meeting of 2014, the council voted to designate the insurance giant MetLife as a systemically significant financial institution — making it only the fourth nonbank to be so designated. It was also the only nonbank to protest the ruling, suing the FSOC and setting up a legal battle with massive consequences for the financial system.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access