The list of Systemically Important Financial Institutions (SIFIs)
Leonardo da Vinci - Gearings A systemically important financial institution (SIFI) is a bank, insurance company, or other financial institution whose failure could trigger a global financial crisis. As the 2007-2012 global financial crisis has unfolded, the international community has moved to protect the global financial system through preventing the failure of SIFIs, or, if one does fail, limiting the adverse effects of its failure. The Basel Committee on Banking Supervision introduced new regulations (known as Basel III) that also specifically target SIFIs. The main focus of the regulations is to increase bank capital requirements and to introduce capital surcharges for systemically important banks. The Financial Stability Board has just updated in November its list of global systemically important financial institutions (G-SIFIs). The FSB defines SIFIs as "financial institutions whose distress or disorderly failure, because of their size, complexity and system...