Unravelling the financial stability oversight council

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dc.contributor.author El Mallah, Karim
dc.date.accessioned 2022-07-22T06:08:51Z
dc.date.available 2022-07-22T06:08:51Z
dc.date.copyright 2019 en_US
dc.date.issued 2019-05-21
dc.identifier.uri http://hdl.handle.net/10725/13853
dc.description.abstract The 2007-2008 financial crisis was a devastating on many households peaking global unemployment at 10% and dropping Global GDP by 5%. To deter another financial crisis the United States government passed the most complex and stringent legislation since the Great Depression of the 1930’s. The legislation created many agencies, and the ‘Financial Stability Oversight Council’, FSOC, was the most prominent agency that designated bank and nonbank financial institutions as ‘Systemically Important Financial Institutions’, or SIFIs. The designation mandates the organizations to adhere to extensive and costly ‘prudential standards’ and ‘enhanced supervision’. Several institutions were designated, however, only MetLife, Inc. fought its designation in the Court which led to rescinding, the remaining institutions designations followed. The focus of this work will be the introduction of the FSOC and its reasoning to the designation of MetLife along with the legal framework that took part in the court and led to the rescinding of MetLife’s designation along with the rescinding of other designations. The subject matter of this thesis is a good example of the reasonableness of laws & regulations. en_US
dc.language.iso en en_US
dc.subject Metropolitan Life Insurance Company en_US
dc.subject United States -- Financial Stability Oversight Council en_US
dc.subject Financial crises -- Prevention en_US
dc.subject Lebanese American University -- Dissertations en_US
dc.subject Dissertations, Academic en_US
dc.title Unravelling the financial stability oversight council en_US
dc.type Thesis en_US
dc.title.subtitle the MetLife, Inc. case en_US
dc.term.submitted Spring en_US
dc.author.degree Master of Laws (LLM) en_US
dc.author.school SOB en_US
dc.author.idnumber 201000007 en_US
dc.author.commembers N/A
dc.author.department N/A en_US
dc.description.physdesc 1 online resource (vi, 55 leaves) en_US
dc.author.advisor N/A
dc.keywords MetLife, Inc. en_US
dc.keywords Financial Stability Oversight Council en_US
dc.keywords Prudential Standards en_US
dc.keywords Enhanced Supervision en_US
dc.keywords Stability en_US
dc.keywords United States en_US
dc.keywords Economy en_US
dc.description.bibliographiccitations Includes bibliographical references (leaf 54-55) en_US
dc.identifier.doi https://doi.org/10.26756/th.2022.379
dc.author.email karim.el-mallah@lau.edu en_US
dc.identifier.tou http://libraries.lau.edu.lb/research/laur/terms-of-use/thesis.php en_US
dc.publisher.institution Lebanese American University en_US
dc.author.affiliation Lebanese American University en_US

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