U.S. risk council takes next step in MetLife systemic review

[riky]

U.S. risk council takes next step in MetLife systemic review

<p><a href="http://news.yahoo.com/fsoc-takes-next-step-metlife-systemic-review-190601761--finance.html"><img src="http://l3.yimg.com/bt/api/res/1.2/201WV1jx11_UphucVhQYJg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-08-20T190601Z_1006950001_LYNXMPEA7J0V1_RTROPTP_2_CBUSINESS-US-METLIFE-FSOC.JPG" width="130" height="86" alt="The MetLife building is seen in New York" align="left" title="The MetLife building is seen in New York" border="0" /></a>Closing the evidentiary record is the last formal step before the Financial Stability Oversight Council can vote on whether to designate MetLife with the tag. The tag is applied to large firms whose failure could threaten financial markets, and it brings far greater scrutiny by financial regulators, as well as new capital requirements. The risk council later on Wednesday said it had closed the evidentiary record on a &quot;non-bank financial company,&quot; but it does not name the firms in the process. MetLife declined to comment.</p><br clear="all"/>

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