George Mason University Antonin Scalia Law School

Administrative Law and the FSOC: MetLife’s Challenge of Too Big To Fail Designation

Event Details

  • Date:
  • Venue: Rayburn House Office Building
  • Division: Civil Justice Academy

A cornerstone of Dodd-Frank regulatory reform is a provision that empowers regulators to designate certain financial institutions as “systemically risky,” subjecting those institutions to additional regulatory framework. In April, a federal judge sided with MetLife, Inc. in challenging its designation. This program discussed the legal challenge and the future of the “systematically important financial institution” program in light of administrative law principles, financial institutions policy and previewed future challenges to this provision of Dodd-Frank.

This Congressional Civil Justice Academy briefing featured:

Robert Gordon
Senior Vice President, Policy Development and Research, Property Casualty InsurersJustin Schardin
Director of the Financial Regulatory Reform Initiative, Bipartisan Policy Center

Eugene Scalia
Partner, Gibson Dunn

Peter J. Wallison
Arthur F. Burns Fellow in Financial Policy Studies, American Enterprise Institute

Moderator: J.W. Verret
Associate Professor, George Mason University School of Law

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