Metropolitan Life and the Shadow Banking Controversy: Non-Bank Investment Alternatives to Traditional Banking

North East Journal of Legal Studies, Vol 35, Spring/Fall 2016

Pace University Legal Studies Research Paper No. 2016/13

27 Pages Posted: 2 Sep 2016 Last revised: 2 May 2020

See all articles by Rosario J. Girasa

Rosario J. Girasa

Pace University - Lubin School of Business

Richard J. Kraus

Pace University - Lubin School of Business

Jessica Magaldi

Pace University

Date Written: August 2, 2016

Abstract

This article examines the recent controversy between the Financial Stability Oversight Council (FSOC) and the Metropolitan Life Insurance Company (MetLife) concerning the FSOC’s final determination concerning the need for the FSOC to oversee MetLife’s shadow banking activities and the company’s continuing efforts to contest the rights of the FSOC to regulate the company’s activities. The article concludes that regulation is indeed necessary in light of comparable international regulation sand the financial ramifications of the company’s activities.

Suggested Citation

Girasa, Rosario J. and Kraus, Richard J. and Magaldi, Jessica A., Metropolitan Life and the Shadow Banking Controversy: Non-Bank Investment Alternatives to Traditional Banking (August 2, 2016). North East Journal of Legal Studies, Vol 35, Spring/Fall 2016, Pace University Legal Studies Research Paper No. 2016/13, Available at SSRN: https://ssrn.com/abstract=2817472

Rosario J. Girasa

Pace University - Lubin School of Business ( email )

1 Pace Plaza
New York, NY 10038-1502
United States

Richard J. Kraus

Pace University - Lubin School of Business ( email )

1 Pace Plaza
New York, NY 10038-1502
United States

Jessica A. Magaldi (Contact Author)

Pace University ( email )

One Pace Plaza
New York, NY New York 10038
United States

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