Identifying and Regulating Systemically Important Financial Institutions

Economic Notes, Forthcoming

28 Pages Posted: 28 Sep 2013

See all articles by Paola Bongini

Paola Bongini

Università degli Studi di Milano-Bicocca

Laura Nieri

University of Genova - Department of Economics

Date Written: July 26, 2013

Abstract

The current international financial crisis, which started in 2007 in the US and soon spread to the rest of the world, has revealed that the failure of an interconnected and complex financial institution, even though not necessarily large in terms of total assets, can threaten the stability of the entire financial system and have serious negative consequences for the real economy. In this study, we survey the analytical framework for identifying systemically important financial institutions (SIFIs) and discuss the various regulatory proposals that have been put forward at the national and global level to deal with SIFIs.

Keywords: SIFIs, systemic risk, regulation

JEL Classification: G01, G18, G21

Suggested Citation

Bongini, Paola and Nieri, Laura, Identifying and Regulating Systemically Important Financial Institutions (July 26, 2013). Economic Notes, Forthcoming, Available at SSRN: https://ssrn.com/abstract=2331238

Paola Bongini (Contact Author)

Università degli Studi di Milano-Bicocca ( email )

piazza dell'Ateneo Nuovo 1
Milano, 20126
Italy
+39 0264483012 (Phone)

Laura Nieri

University of Genova - Department of Economics ( email )

via Vivaldi, 5
Genova, GE 16126
Italy

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