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Volume 52, March/April 2017, Number 2 · pp. 107-110


How to Define a Systemically Important Financial Institution – A New Perspective

Volker Brühl

The recent financial crisis has demonstrated that a failure of systemically important financial institutions (SIFIs) could seriously damage the stability of the financial system. A precise and consistent definition of a SIFI is pivotal to ensure efficient and effective regulation of the global financial sector. This paper proposes a threefold test that indicates which financial institutions are systemically important across the various industry segments.


This Intereconomics article is available for free at this page after an embargo period of two years. Reading it before April 2019 is possible via SpringerLink or in the next library.