Systemically Important Financial Institution: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>SarahB No edit summary |
(Remove surplus link.) |
||
| (15 intermediate revisions by 2 users not shown) | |||
| Line 1: | Line 1: | ||
(SIFI). | |||
A financial firm whose disorderly failure would, because of its: | |||
(i) Size, | |||
(ii) Complexity, and | |||
(iii) Systemic interconnectedness | |||
cause significant disruption to the wider financial system and to economic activity in its (main) country or region of operation. | |||
The idea was developed for banks considered too big to fail. | |||
It has been extended to other types of institutions and the Financial Stability Oversight Council in the US, for example, has provisionally identified certain insurance companies and investors as potential US SIFIs. | |||
== See also == | == See also == | ||
* [[Global SIFI]] | |||
*[[Institution ]] | |||
*[[Institutional ]] | |||
* [[Leverage Ratio]] | |||
* [[Systemic risk]] | * [[Systemic risk]] | ||
*[[Systemically Important Payment System]] (SIPS) | |||
* [[Too Big To Fail]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 01:20, 16 November 2024
(SIFI).
A financial firm whose disorderly failure would, because of its:
(i) Size,
(ii) Complexity, and
(iii) Systemic interconnectedness
cause significant disruption to the wider financial system and to economic activity in its (main) country or region of operation.
The idea was developed for banks considered too big to fail.
It has been extended to other types of institutions and the Financial Stability Oversight Council in the US, for example, has provisionally identified certain insurance companies and investors as potential US SIFIs.
