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MetLife could be designated a systemically important financial institutions (SIFI) as early as next week, Bloomberg News said today.

This past week saw multiple industry-related quotes out of Washington, as well as multiple quotes on cyber issues.

This past week saw multiple industry-related quotes out of Washington, as well as multiple quotes on cyber issues.

A member of Congress is demanding that the New York Federal Reserve Bank share with him any information provided by the Bank to members of the FSOC regarding the process of designating non-banks as SIFI.

A member of Congress is demanding that the New York Federal Reserve Bank share with him any information provided by the Bank to members of the FSOC regarding the process of designating non-banks as SIFI.

American International Group Inc. and Prudential Financial Inc. told regulators they could divest units and halt policy sales to avoid taking a bailout in a future crisis.

The House Financial Services Committee is moving to effectively shut down the operations of the FSOC for at least six months by barring it from designating any financial institution as systemically significant.

Efforts are now underway to push legislation through the Senate on an expedited basis that would clarify that the Federal Reserve Board can apply insurance-based capital standards to the insurance portion of any insurance holding company it oversees.