Too important to fail: Difference between revisions
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A financial firm for which the economic and or social consequences of its disorderly failure and liquidation are considered unacceptable to the society within which it operates. | A financial firm for which the economic and or social consequences of its disorderly failure and liquidation are considered unacceptable to the society within which it operates. | ||
The [[IMF]] uses the phrase "Too important to fail" (TITF)in a similar way to the phrase "[[Too | The [[IMF]] uses the phrase "Too important to fail" (TITF) in a similar way to the phrase "[[Too Big To Fail]]" but with a more catch-all implication. | ||
== See also == | == See also == | ||
* [[Systemically Important Financial Institution]] | * [[Systemically Important Financial Institution]] | ||
Revision as of 19:15, 31 March 2014
(TITF).
A financial firm for which the economic and or social consequences of its disorderly failure and liquidation are considered unacceptable to the society within which it operates.
The IMF uses the phrase "Too important to fail" (TITF) in a similar way to the phrase "Too Big To Fail" but with a more catch-all implication.
