Proposed massive legislative change is unlikely; more moderate reforms floated by Treasury are better bets.
The law was about micromanaging financial services rather than facilitating capital markets.
The proposed law would significantly amend the Dodd-Frank Act and restore flexibility to financial institutions.
But the industrial unit's performance continued to be hampered by oil and gas volatility.
The sector's increased contribution to systemic risk necessitates a "more macroprudential approach" to regulating it, the IMF says.
MetLife's victory in a legal battle with regulators could encourage other institutions to challenge the "systemically important" designation.
MetLife's "bold move" could set a precedent for other "systemically important" insurers seeking to avoid higher capital requirements.
The company says federal regulators erred in giving it the "systemically important" designation, which would subject it to stricter oversight.
As GE sells off pieces of its banking unit, it will be required to comply with rules for nonbank systemically important financial institutions.
Definitely not, says Warren Buffett, the company's chairman and CEO.
