Hüpkes, Eva --- "Resolving systemically important financial institutions (SIFIs): The Financial Stability Board key attributes of effective resolution regimes" [2013] ELECD 439; in LaBrosse, Raymond John; Olivares-Caminal, Rodrigo; Singh, Dalvinder (eds), "Financial Crisis Containment and Government Guarantees" (Edward Elgar Publishing, 2013) 43

Book Title: Financial Crisis Containment and Government Guarantees

Editor(s): LaBrosse, Raymond John; Olivares-Caminal, Rodrigo; Singh, Dalvinder

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781781004999

Section: Chapter 4

Section Title: Resolving systemically important financial institutions (SIFIs): The Financial Stability Board key attributes of effective resolution regimes

Author(s): Hüpkes, Eva

Number of pages: 11

Abstract/Description:

At a recent Summit, G20 Leaders asked the Financial Stability Board (FSB) to develop a policy framework to reduce the risks of moral hazard and the potential for contagion and systemic disruption associated with systemically important financial institutions (SIFIs). SIFIs are financial institutions whose distress or disorderly failure, because of their size, complexity and systemic interconnectedness, would cause significant disruption to the wider financial system and economic activity. In 2010 in Seoul, the G20 endorsed the broad policy framework which is set out in a report to the G20 entitled ‘Reducing the moral hazard posed by systemically important financial institutions’.