David Millar, risk consultant and trainer and former COO at global risk management association, PRMIA, looks at the impact of local SIFIs in Asia and questions whether the designation is achieving what was hoped for.

Date: March 02, 2012
Author: David Millar
Categories: Regulation, Risk and Regulation
Keywords: G-SIFI, SIFI, Lehman, G20, Tier 1 Capital, Jose Maria Roldan

There is a football club in London called Millwall FC. They are renowned for their often brutal approach to tackling and to the energetic nature of their fans. I won’t call them anything worse as I live nearby. The fans have an anthem “Everybody hates us but we don’t care” For them notoriety...