Systemically Important Financial Institution: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Links ordering.) |
||
| Line 19: | Line 19: | ||
== See also == | == See also == | ||
* [[BSBY]] | * [[BSBY]] | ||
* [[Global SIFI]] | |||
* [[Leverage Ratio]] | |||
* [[SIPS]] | * [[SIPS]] | ||
* [[Systemic risk]] | * [[Systemic risk]] | ||
* [[Too Big To Fail]] | * [[Too Big To Fail]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
Revision as of 08:06, 13 March 2022
(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.
