Financial Crisis Containment and Government Guarantees
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Financial Crisis Containment and Government Guarantees

Edited by John Raymond LaBrosse, Rodrigo Olivares-Caminal and Dalvinder Singh

Financial Crisis Containment and Government Guarantees analyses the international community’s commitment to forging enhanced, well thought-out, mechanisms for containing systemic risks in the context of a highly interconnected global financial framework which incorporates ongoing financial innovation.
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Chapter 4: Resolving systemically important financial institutions (SIFIs): The Financial Stability Board key attributes of effective resolution regimes

Eva Hüpkes


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’.

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