Re-shaping the Global Financial Architecture: Dual Sifis' Role

• Autorzy: Vladislav Pavlat
• Języki publikacji: EN

Abstrakty

EN

The aim of the paper is to discuss the emerging theory of systemically important financial institutions (SIFIs), and the role these big entities are playing. The author briefly describes the gradually process of defining the crucial concepts: "systemic risk" and "systemically importance" which enables to find a feasible way of SIFIs' measurement and SIFIs' selection. Then a set of regulatory measures on SIFIs in preparation (within the framework of the Basel III) is presented and the dual role of SIFIs is defined.(original abstract)

Słowa kluczowe

EN

International finance; Financial institutions; Systemic risk

PL

Finanse międzynarodowe; Instytucje finansowe; Ryzyko systemowe

• Czasopismo: Studia Ekonomiczne / Uniwersytet Ekonomiczny w Katowicach
• Rocznik: 2012
• Numer: nr 122 Międzynarodowe stosunki gospodarcze - wybrane podmioty i procesy gospodarki światowej
• Strony: 11--19

Twórcy

autor

Vladislav Pavlat

• University of Finance and Administration, Prague, Czech Republic

Bibliografia

• Achieving Effective Supervision: An Industry Perspective. Institute of International Finance, July, 2011.
• Annual Report. 1 April 2010-31 March 2011. Bank for International Settlements. Basel, 26 June 2011.
• Brunnermeier M., Crocket M., Goodhart Ch., Persaud A.D., Shin H.: Fundamental Principles of Financial Regulation, 2009. Geneva Reports on the World Economy.
• Drehman M., Tarashev N.: Measuring the Systemic Importance of Interconnected Banks. BIS Working Papers, No. 342, March 2011.
• Overall Systemically Important Financial Institutions (discussed at g20). 12.5.2011.
• Thomson J.B.: On Systemically Important Financial Institutions and Progressive Systemic Mitigation. Federal Reserve Bank of Cleveland, Policy Discussion Papers, Number 27, August 2009. http://www.clevelandfed.org/research/topics/finstability/ three_tier_risk/
• Walter S.: Basel III: Stronger Banks and a More Resilient Financial System. Conference on Basel III. Financial Stability Institute. Basel 6 April 2011. Basel Committee on Banking Supervision. sp110406.pdf. RE