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The systemic importance of financial institutions

Nikola Tarashev (), Claudio Borio () and Kostas Tsatsaronis ()

BIS Quarterly Review, 2009

Abstract: 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)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:bis:bisqtr:0909h

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