The systemic importance of financial institutions
Nikola Tarashev (),
Claudio Borio () and
Kostas Tsatsaronis ()
BIS Quarterly Review, 2009
Prudential tools that target financial stability need to be calibrated at the level of the financial system but implemented at the level of each regulated institution. They require a methodology for the allocation of system-wide risk to the individual institution in line with its systemic importance. This article proposes a general and flexible allocation methodology and uses it to identify and quantify the drivers of systemic importance. It then illustrates how the methodology could be employed in practice, based on a sample of large internationally active institutions.
JEL-codes: C15 C71 G20 G28 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:bis:bisqtr:0909h
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