Earlier this year, the focus was mainly on the Dodd-Frank Wall Street Reform and Consumer Protection Act of the USA. The question of how to address risks posed by Systematically Important Financial Institutions (SIFI) was one of the most contentious issues in this context. During the same period the Financial Stability Board (FSB) issued a less widely noticed document also addressing policy towards SIFIs. The author here reviews the FSB proposals in detail.
structural_reform (Download the full text in PDF format)