How important is globally systemically important?
David Millar, former COO of PRMIA, feels that the creation of G-SIFIs will have a greater impact than just extra capital buffer and new reporting requirements. December 13, 2011 | David MillarIn early November, as tasked by the G-20, the Financial Stability Board (FSB), the international organisation of central banks, regulators and supervisors, released its long-awaited “Policy Measures to Address Systemically Important Financial Institutions” regarding its definition of globally systemically important financial institutions (G-SIFIs). Table 1. List of G-SIFIs (as of November 2011)
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