How to define a Systemically Important Financial Institution (SIFI): A new perspective

Volker Brühl

No 538, CFS Working Paper Series from Center for Financial Studies (CFS)

Abstract: The recent financial crisis has demonstrated that a failure of Systemically Important Financial Institutions (SIFIs) could seriously damage the stability of the financial system. A precise and consistent definition of a SIFI is pivotal to ensure efficient and effective regulation of the global financial sector. This paper proposes a threefold test logic that allows to classify Financial Institutions as systemically important across the various industry segments.

JEL-codes: G10 G20 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-cba and nep-rmg
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:cfswop:538

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