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File name: SSRN-id1473007. ; Size: 162K
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The Systemic Importance of Financial Institutions
Nikola A. Tarashev
Bank for International Settlements (BIS) - Monetary and Economic Department
Claudio E. V. Borio
Bank for International Settlements (BIS) - Research and Policy Analysis
Kostas Tsatsaronis
Bank for International Settlements (BIS) - Monetary and Economic Department
September 2009
BIS Quarterly Review, September 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.
Number of Pages in PDF File: 13
JEL Classification: C15, C71, G20, G28
Accepted Paper Series
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Date posted: September 14, 2009
Suggested CitationTarashev, Nikola A., Borio, Claudio E. V. and Tsatsaronis, Kostas, The Systemic Importance of Financial Institutions (September 2009). BIS Quarterly Review, September 2009. Available at SSRN: http://ssrn.com/abstract=1473007
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