Clearing for the 21st Century Act and G-SII: Difference between pages

Revision as of 14:35, 30 October 2016

1.

Global Systemically Important Institution.

This includes banks, insurance companies and financial markets infrastructure providers.

2.

Global Systemically Important Insurer.

@@ Line 1: / Line 1: @@
-'' US. ''
+.
-(Check 21).
+Global Systemically Important Institution.
-A federal US law that aims to facilitate check (cheque) truncation by creating a new negotiable instrument - the substitute check.
+This includes banks, insurance companies and financial markets infrastructure providers.
-Under the law, banks can truncate original checks and process check images electronically as well as deliver substitute checks to banks that want to continue receiving paper checks.
-However, the law does not require banks to accept checks in electronic form or to create substitute checks, although it does require banks to accept substitute checks.
+.
+Global Systemically Important Insurer.
 == See also ==
-* [[Cheque truncation]]
+* [[Global SIFI]]
-* [[Substitute check]]
+* [[Too Big To Fail]]
+* [[G-SIB]]
+* [[G-SIFI]]
+* [[IAIS]]