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By Arthur D. Postal, Elizabeth Festa |
June 1, 2012
Metropolitan Life Insurance Co., Americas, President William “Bill” Wheeler told a House panel in no uncertain terms that he does not believe insurers should be regulated like banks and warned against marketplace distortion should the final federal capital enhancement rules not be crafted well--or even if they are and insurers...
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By Arthur D. Postal |
May 24, 2012
The House Financial Services Committee will hold a hearing on either June 6 or 7 on proposed legislation that would establish a self-regulatory organization for investment advisors.
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By Elizabeth Festa |
May 16, 2012
MetLife does not know if the FSOC will feel compelled to name MetLife and a few other large insurers as SIFIs, and officials won't say, but lawmakers and MetLife wonder about the wisdom and the possible harmful effects of applying bank-centric regulations to an insurance company.
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By Arthur D. Postal |
November 28, 2011
Rep. Barney Frank, D-Mass., one of the primary authors of financial services reform legislation passed by Congress last year, said today he would not return to the next Congress in 2013.