Unless otherwise defined, the term used to describe the extent to which the failure of a single institution has a lasting impact on the – national, global – financial system as a whole. – To date, there is no clear definition of the characteristics of the term “systemic importance” and “systemically important financial institution” (SIFI). This is because, in addition to – the size of a bank, its systemic importance is also determined above all by – its interconnectedness in the national or international financial economy, – the potential substitutability of this institution, and – the general state of the markets. – See bank, systemic, banking supervision, European, G-Sifi, big bank, Lehman bankruptcy, Sifi oligopoly, systemic risk.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/