Global systemically important bank: Difference between revisions
WikiSysopIG (talk | contribs) Created page with "A '''global systemically important bank''' ('''G-SIB''') is a bank whose size, complexity, interconnectedness, cross-border activities, or other characteristics are considered capable of creating significant risks to the international financial system if the bank were to experience severe financial distress or fail. G-SIBs are identified under an international framework developed by the Financial Stability Board (FSB) and the Basel Committee on Banking Su..." |
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Greater interconnectedness can therefore increase the potential for financial distress at one institution to affect other parts of the financial system. | Greater interconnectedness can therefore increase the potential for financial distress at one institution to affect other parts of the financial system. | ||