(This post has been updated for October 31st data.) The SEC released its money market fund statistics for the end of October, giving us a comprehensive view of the impact of the reforms which took effect on October 14th. We now have government, retail and floating NAV money market funds, the later two with the potential … Continue Reading
My earlier post speculated on the reasons the D.C. District Court struck down the Financial Stability Oversight Counsel’s (“FSOC”) designation of MetLife as a non-bank systemically important financial institution (“SIFI”). The court unsealed its opinion on April 7, and my tealeaf reading was generally accurate. FSOC appealed the decision almost immediately. But I wonder if … Continue Reading
MetLife won the first round in its fight against designation as a nonbank systemically important financial institution (“SIFI”). The court’s opinion will be under seal until at least April 6, so we do not know why the court rescinded the Financial Stability Oversight Council’s (“FSOC’s”) designation. But connecting the dots between the order and MetLife’s … Continue Reading
