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FSOC didn’t have to quantify losses in designating MetLife a SIFI

( June 16, 2016, 22:31 GMT | Official Statement) -- MLex Summary: The government outlined its court argument why the US Financial Stability Oversight Council should be able to designate MetLife a systemically important financial institution. The risk council isn’t required to consider the likelihood of failure or “estimate specific counterparty losses or produce quantitative projections of the harm that would result,” the government said in a brief showing how it intends to argue its appeal. In March, a federal judge struck down the council’s designation of MetLife, partly on grounds that it failed to review the likelihood that the insurer would fail. See document below. ...

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