ADVFN - Advanced Financial Network.
HOME» NYSE » M » MET Stock Price » MET Stock News

Metlife Share News

 Metlife Stock Price
MET Stock Price
 Metlife Stock Chart
MET Stock Chart
 Metlife Stock News
MET Stock News
 Metlife Company Information
MET Company Information
 Metlife Stock Trades
MET Stock Trades

Fed Official: May Tailor New Rules For Individual Nonbank Companies

By Kristina Peterson and Alan Zibel Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- U.S. regulators may individually tailor new requirements mandating tougher oversight for nonbank financial companies, a Federal Reserve official said in remarks prepared for a congressional hearing Wednesday. New standards requiring financial companies to hold more capital, conduct "stress tests" and other tasks may be adjusted depending on a company's size, complexity and other factors, Michael Gibson, director of the Fed's division of banking supervision and regulation, said in testimony for Wednesday's hearing of a House Financial Services Committee panel. "Working out the exact details of how enhanced prudential standards will apply to nonbank financial companies will certainly require a thoughtful and iterative analysis of each designated company over time," Gibson said in his prepared opening statement. The Fed will give "careful consideration" to how long each nonbank company should have to make the transition to the new requirements, he noted. A new council of federal regulators last month finished setting out the three-step process it will use to spotlight some nonbank financial companies for tougher oversight. The council is expected to designate certain insurers, asset managers, hedge funds or other financial firms as "important" by the end of this year. In testimony prepared for the same hearing, Lance Auer, the Treasury Department's deputy assistant secretary for financial institutions, said the council will exercise its judgment as it considers the risks that each firm may pose to the financial system. Doing so will allow the council "to address the diverse range of business models among nonbank financial companies." Each firm, he noted, will receive "robust due process protections," including the opportunity for a court review. The 2010 Dodd-Frank financial-overhaul law automatically designates banks with at least $50 billion in assets as "systemically important" financial institutions but gives regulators broad authority to decide which nonbank financial firms pose risks. The designated firms must comply with new, more-stringent capital, risk-management and leverage standards and come under the supervision of the Federal Reserve. Even after regulators have decided a firm is "systemically important," they will continue to monitor and may tweak adjustments for each company as warranted, Gibson said Wednesday. Some nonbank financial companies have pushed back against the upcoming regulations, arguing they shouldn't be subject to a special level of federal scrutiny for large financial firms. A top executive at MetLife Inc. (MET), the biggest U.S. life insurer, said in his prepared testimony for Wednesday's hearing that his company doesn't pose a threat to the financial system. MetLife and Prudential Financial Inc. (PRU), the nation's largest life insurers by assets, are expected by analysts to earn the "systemically important" label. -By Kristina Peterson, Dow Jones Newswires; 347-882-7215; kristina.peterson@dowjones.com Order free Annual Report for Metalore Resources Ltd. Visit http://djnewswires.ar.wilink.com/?link=MET or call 1-888-301-0513 Order free Annual Report for PERSEUS MINING LTD Visit http://djnewswires.ar.wilink.com/?link=PRU or call 1-888-301-0513

Stock News for Metlife (MET)
DateTimeHeadline
12/09/201608:08:00On BizWireTV: A New VR Experience for Football Fans & the Most...
12/07/201610:30:00New Jersey Small Bus. Owner Michael Dennis Recognized as First...
12/05/201610:30:00MetLife Receives Perfect Score on Corporate Equality Index
12/02/201616:21:46Statement of Changes in Beneficial Ownership (4)
12/02/201616:20:02Statement of Changes in Beneficial Ownership (4)
11/18/201616:26:33Securities Registration: Employee Benefit Plan (s-8)
11/18/201616:23:30Automatic Shelf Registration Statement of Securities of Well-known...
11/18/201606:04:38Current Report Filing (8-k)
11/17/201616:15:00MetLife to Hold Investor Outlook Call
11/15/201617:06:01Current Report Filing (8-k)
11/15/201616:15:00MetLife Declares Fourth Quarter 2016 Preferred Stock Dividends
11/15/201602:22:00MetLife Hong Kong Launches Unique Overseas Medical Treatment...
11/14/201618:40:00Richard Li to Buy AIG's Last Asian Life-Insurance Business
11/14/201609:27:00MetLife wins 2016 Life Insurance Company of the Year in the Middle...
11/14/201608:30:00David J. Rothenberg Joins MetLife Investment Management as Managing...
11/14/201602:41:00MetLife Hong Kong Promotes Hereditary Cancer Awareness with Sponsorship...
11/13/201621:13:00MetLife Launches “Collab”: The Insurance Tech Accelerator
11/12/201607:29:00Insurers Hope Under Trump They are Deemed Less Important
11/11/201609:00:00MetLife Recognized as Military Friendly Employer Fifth Year in...
11/10/201616:20:14Statement of Changes in Beneficial Ownership (4)

Metlife and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US