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A financial institution regarded as so important to the economy that its failure could lead to a widespread economic crisis:‘G20 finance ministers endorsed a comprehensive framework to reduce the risks posed by SIFIs’
- ‘McCarty has tried to reframe the debate over the too-big-too fail issue with systemically important financial institutions (SIFIs) by saying, instead, that the key term should not be "too big to fail," but rather, “too big to bail.”’
- ‘Now they are turning their sights to so-called domestic SIFIs, banks deemed big enough to cause harm to their country's financial system should they run into trouble.’
- ‘There had been talk that the bank sought to be included on the Sifi list as a way of showing that it was part of the global elite.’
- ‘It may be designated a non-bank SIFI under a Financial Stability Oversight Council proposal.’
- ‘I will say a few words about the Committee's view and the actions we have taken on SIFIs that have been strongly influenced by recent experience.’
- ‘The more important the SIFI, the higher the surcharge it will have to pay.’
- ‘Under the proposed rules, identifying systemically important financial institutions other than banks - in short, nonbank SIFIs - will normally be a sequential three-stage process.’
- ‘t is expected that the Basel committee will issue guidance on SIFIs (systemically important financial institutions) in the fourth quarter of this year.’
- ‘The minimum leverage capital requirement for SIFIs should be increased to a level well above the current requirement of five percent for well-capitalized institutions.’
- ‘I suggest that the problem with SIFIs is they are fundamentally inconsistent with capitalism.’
Early 21st century: acronym from systemically important financial institution.
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