WASHINGTON — After the Financial Stability Oversight Council voted to rescind its systemic designation for insurance giant American International Group, observers are wondering why the interagency council is continuing to appeal a ruling overturning MetLife’s designation.

Some say there is little question that the council could simply ask the Department of Justice to drop its appeal of a District Court opinion from 2016 that found that the FSOC had overstepped its bounds in designating MetLife as a systemically important financial institution.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.