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Identifying Global Systemically Important Financial Institutions

Author

Listed:
  • Mustafa Yuksel

    (Reserve Bank of Australia)

Abstract

A key element of the G20 response to the global financial crisis has been to develop policies to address the ‘too-big-to-fail’ problem posed by systemically important financial institutions (SIFIs). The first step is to identify such entities. To that end, there has been extensive work undertaken in recent years, especially at the global level in view of the cross-country impact of large international financial institutions should they fail or become distressed. This article examines the methodologies developed by standard-setting bodies for identifying global SIFIs among banks, insurers and non-banks, drawing out common elements as well as important differences among them. Policy work addressing the ‘too-big-to-fail’ problem is ongoing. At the recent G20 Summit in Brisbane, leaders built on these reforms by endorsing two further proposals to improve the ability to resolve failing or distressed global systemically important banks.

Suggested Citation

  • Mustafa Yuksel, 2014. "Identifying Global Systemically Important Financial Institutions," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 63-72, December.
    • Handle: RePEc:rba:rbabul:dec2014-08
    as

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    File URL: https://www.rba.gov.au/publications/bulletin/2014/dec/pdf/bu-1214-8.pdf
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    Citations

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    Cited by:

    1. Marwan Alzoubi & Ayman Abdalmajeed Alsmadi & Hamad kasasbeh, 2022. "Systemically Important Bank: A Bibliometric Analysis for the Period of 2002 to 2022," SAGE Open, , vol. 12(4), pages 21582440221, December.
    2. Konstantinos Drakos & Ioannis Malandrakis, 2021. "Global Versus Non-Global Banks: A Capital Ratios-Based Analysis," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 10(2), pages 5-22.

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