Prudential Considers Whether to Fight Systemic-Risk Label

Prudential Financial Inc. (PRU), the No. 2 U.S. life insurer, said it’s considering whether to contest enhanced federal oversight that would result if the firm is named as systemically important.

The Financial Stability Oversight Council told Prudential that it may require stricter scrutiny under the Dodd-Frank law, the Newark, New Jersey-based insurer said today in an e-mailed statement.

To contact the reporter on this story: Dan Reichl in San Francisco at dreichl@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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