The U.S. Financial Stability Oversight Council voted yesterday not to rescind insurance company MetLife's designation for tougher oversight by the Federal Reserve, Reuters reported. MetLife, the country's largest life insurer, received the high-risk tag in 2014 when the heads of the major U.S. financial regulatory agencies determined that a collapse of the company could devastate the U.S. financial system. The council's vote followed its annual review of MetLife's designation.
