Regulators focused on banks overlook insurers' risk, MetLife says

09/19/2013 | Bloomberg

Federal regulators trying to impose rules written for banks on insurance companies could increase the vulnerability of insurers to risk rather than reducing it, said John Hele, chief financial officer of MetLife, which is opposing a move by the Financial Stability Oversight Council to designate it as systemically important. Withdrawals from annuities and life insurance could undermine insurers if the trend became widespread, the council has warned.

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