Too important to fail

From ACT Wiki
Revision as of 15:08, 31 March 2014 by John Grout (Talk | contribs) (To add Too Important to Fail)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

(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.

See also