Globally systemic banks (G-SIBs)
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- The Basel Committee on Banking Supervision, a group of bank supervisors from 28 jurisdictions, created a set of 12 financial indicators (such as size, interconnectedness, complexity, etc.) in 2011 to identify global systemically important banks (G-SIBs).
- A G-SIB is a bank whose failure could pose a threat to the international financial system.
- A bank designated as a G-SIB must hold more risk-based capital to enhance its resilience, and is subject to additional regulatory oversight.
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