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 | 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. | ||
Revision as of 15:19, 25 June 2022
(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.
