Any ideas on how big of an effect being named “systemically important” will have on Metlife/AIG/Prudential/GE’s bottom line? Do you think it means each company will be bailed out by taxpayers if the economy falls apart?
“Banks that are designated systemically important must follow the more stringent capital requirements being phased in under the international agreement known as Basel III. For other financial institutions, though, Congress recently specified that Basel III would not apply, and instead, the Fed would issue a set of new prudential rules more tailored to the type of financial services they provide.”
http://dealbook.nytimes.com/2015/01/13/metlife-to-fight-too-big-to-fail-status-in-court/?_r=0