Posted To: Pipeline Press
If you think regulatory trends aren't influencing businesses, big and small, think again. In the latest "big" example, insurance company MetLife said it will sell or spin off most of its retail group as it seeks to avoid being classified as a systemically important financial institution (SIFI). Such designation requires more onerous regulation and increased costs, so MetLife is seeking to restructure parts of the company. MetLife is the largest life insurer in the US and has $2.5T in policies written and $350B in assets under management. Speaking of which, Dodd-Frank measures are about 70% complete . The Obama administration has one year to finalize 123 of the 390 rule-making mandates in the Dodd-Frank Act. "Nearly all of the major rules under Dodd-Frank have been written, and we are focused...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1OG4N0f
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