August 20, 2014 / 6:56 PM / in 3 years

U.S. FSOC takes next step in MetLife systemic review

WASHINGTON, Aug 20 (Reuters) - The U.S. Financial Stability Oversight Council has closed the evidentiary record to determine whether insurance firm Metlife Inc is systemically important, a source familiar with the situation told Reuters.

It is the last formal step before the council can vote on whether MetLife will be designated as systemically important, a tag that brings far greater capital and risk management oversight by financial regulators. (Reporting by Douwe Miedema; Editing by Meredith Mazzilli)

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