Deposit Guarantee Scheme and G-SIFI: Difference between pages

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(DGS).
(GSIFI).


A scheme that guarantees certain bank depositors' funds (subject to specified limits) should the bank fail.
Globally operating Systemically Important Financial Institution. (Often Global systemically important financial institution.)


Sometimes known as a Global SIFI.


With effect from 2016, the guaranteed amount in the UK is limited to £75,000 (previously £85,000).
The idea developed for [[Too Big To Fail]] banks often distinguished by the [[Financial Stability Board]] as "global systemically important banks" (G-SIBs).  


The limits were established as the approximate domestic currency equivalent of EUR 100,000.
Appetite whetted, regulators in the FSB then looked around for similarly important non-bank institutions, for example insurance companies or large investors.




==See also==
== See also ==
* [[FSCS]]
* [[Global SIFI]]
* [[Too Big To Fail]]
* [[Too Big To Fail]]
* [[Systemically Important Financial Institution]]
* [[G-SIB]]
* [[G-SII]]

Revision as of 09:38, 29 October 2016

(GSIFI).

Globally operating Systemically Important Financial Institution. (Often Global systemically important financial institution.)

Sometimes known as a Global SIFI.

The idea developed for Too Big To Fail banks often distinguished by the Financial Stability Board as "global systemically important banks" (G-SIBs).

Appetite whetted, regulators in the FSB then looked around for similarly important non-bank institutions, for example insurance companies or large investors.


See also