Brexit and Systemically Important Bank: Difference between pages

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The term 'Brexit' is a combination of '''BR'''itain and '''EXIT''', meaning the exit of the United Kingdom (UK) from the European Union (EU).
(SIB).


A bank whose disorderly failure would, because of its:


A referendum on the issue was held in the UK on 23 June 2016.
(i) Size,
(ii) Complexity, and


The result of the referendum was to advise the UK government to begin the process of the UK leaving the EU.
(iii) Systemic interconnectedness


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


Depending on the context, 'Brexit' may refer to any or all of:


#The decision for the UK to leave the EU.
For this reason, SIBs are subject to more stringent regulation and capital adequacy requirements than other institutions.
#The subsequent exit itself, originally expected to be on 29 March 2019''<sup> Note</sup>''.
#The consequences, and potential consequences, both of the decision and of the exit itself.
#Less commonly, the referendum result or the referendum date of 23 June 2016.
 
 
''Note: Possible currently specified Brexit Days now include 1 June and 31 October 2019. Brexit on a future date not yet specified is also possible.''




== See also ==
== See also ==
* [[Article 50]]
* [[Bank]]
* [[Brexit Britain]]
* [[BSBY]]
* [[Brexit Day]]
* [[Capital adequacy]]
* [[Brexodus]]
* [[Financial institution]]
* [[Cliff edge]]
* [[Global SIFI]]
* [[Department for Exiting the European Union]]
* [[Regulation]]
* [[Department for International Trade]]
* [[Systemic risk]]
* [[Equivalence]]
* [[Systemically Important Financial Institution]] (SIFI)
* [[European Economic Area]]
* [[Too Big To Fail]]
* [[European Free Trade Association]]
* [[European Union]]
* [[Frexit]]
* [[Great Repeal Act]]
* [[Grexit]]
* [[Hard Brexit]]
* [[Make UK]]
* [[No Brexit]]
* [[No Deal]]
* [[Parliamentary supremacy]]
* [[Schengen Area]]
* [[Sovereignty]]
* [[United Kingdom]]
 
 
=== Other links ===
[https://www.treasurers.org/brexit/resources Brexit - ACT Resources]
 
[https://www.treasurers.org/brexit Brexit: ACT Technical Guidance and Comment]


[[Category:Context_of_treasury]]
[[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

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