Partnership and Systemically Important Bank: Difference between pages

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1. ''Law''. 
(SIB).


A partnership exists where two or more individuals enter into business together.
A bank whose disorderly failure would, because of its:


Governed in the UK by the Partnership Act 1890 and the Limited Liability Partnerships Act 2000.
(i) Size,
(ii) Complexity, and


(iii) Systemic interconnectedness


2.
cause significant disruption to the wider financial system and to economic activity in its (main) country or region of operation.


More broadly, any collaboration between different organisations or other entities.
 
For this reason, SIBs are subject to more stringent regulation and capital adequacy requirements than other institutions.




== See also ==
== See also ==
* [[Corporation]]
* [[Bank]]
* [[Drawings]]
* [[BSBY]]
* [[Firm]]
* [[Capital adequacy]]
* [[Limited liability partnership]]
* [[Financial institution]]
* [[Limited partnership]]
* [[Global SIFI]]
* [[LLC]]
* [[Regulation]]
* [[Public private partnership]]
* [[Systemic risk]]
* [[Trans-Pacific Partnership]]
* [[Systemically Important Financial Institution]] (SIFI)
* [[Unincorporated]]
* [[Too Big To Fail]]


[[Category:Compliance_and_audit]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]

Revision as of 16:26, 17 March 2022

(SIB).

A bank 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.


For this reason, SIBs are subject to more stringent regulation and capital adequacy requirements than other institutions.


See also