Posts tagged 'GSifis'

Three banks lose systemic bad boy shirt

Lisa joined FT Alphaville in September 2011 after a tour of duty through the guts of the financial industry, having worked as an analyst at a bank and for a financial data company. She's now the Head of New Projects for FT.com.

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| Nov 02 2012 09:42 | Comment |

Many a banker has fretted about the status their employer bestows upon them by mere brand value. Exactly which firms are first tier, second tier, or even the possibly outdated ‘Bulge Bracket’ matters.

Of course the latest crisis has practically made it a requisite to roll one’s eyes when name-dropping any bank at all in the presence of friends who work outside of the financial sector. The my-employer-is-more-awesome-than-yours game works in increasingly fewer circles. Read more

When are insurers systemically important?

Lisa joined FT Alphaville in September 2011 after a tour of duty through the guts of the financial industry, having worked as an analyst at a bank and for a financial data company. She's now the Head of New Projects for FT.com.

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| Jul 30 2012 13:05 | Comment |

Banks are interconnected, and carry systemic risk to the economy. One doesn’t need the experience of a crisis to know this, it’s just intuitive.

On a similarly intuitive basis, are insurers systemically important? Read more

Global body to represent big banks

Kate is FT AV’s Asia Correspondent. She joined FT Alphaville in mid-2011 after carrying out various roles in the FT’s London office since 2005: interactive editor, companies reporter, and founding editor of the FT’s Energy Source blog.

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| Jan 27 2012 05:01 | Comment |

The world’s biggest banks are set to have a new voice on the global regulatory stage as a little known body that acts as an umbrella group for three regional trade associations beefs up its profile and changes its top management, says the FT. The Global Financial Markets Association plans to reinvent itself as a body to represent the interests of the world’s biggest banks, as regulators around the world start to target the toughest new rules at a category of so-called GSifis – global systemically important financial institutions – most of which are banks, or GSibs in the jargon. Read more

Is it cool to be a Sifi?

Lisa joined FT Alphaville in September 2011 after a tour of duty through the guts of the financial industry, having worked as an analyst at a bank and for a financial data company. She's now the Head of New Projects for FT.com.

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| Nov 08 2011 08:18 | Comment |

On Friday, the Financial Stability Board published the provisional list of global systemically important financial institutions (G-Sifis).

This had been widely trailed but we’re still wrestling with a tricky question: Read more

Banks fail to deflect capital surcharges

| Sep 28 2011 22:23 | Comment |

Global banking regulators have brushed off criticism from bank chief executives, saying that they will press ahead with plans for capital surcharges on the largest and most interconnected global banks starting in 2016, reports the FT. The Basel Committee on Banking Supervision said that it plans to make some technical adjustments to the way global systemically important financial institutions, known as G-Sifis, are classified, But people close to the process said that they are unlikely to change the rankings. Currently 28 institutions are expected to face additional capital requirements, with eight banks expected to be hit with the highest surcharge of top quality core tier one capital equal to 2.5 per cent of their assets, adjusted for risk. Read more

The FSB shopping list

Kate is FT AV’s Asia Correspondent. She joined FT Alphaville in mid-2011 after carrying out various roles in the FT’s London office since 2005: interactive editor, companies reporter, and founding editor of the FT’s Energy Source blog.

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| Jul 19 2011 10:10 | Comment |

The Financial Stability Board on Monday night declared the capital surcharge requirements for global ‘SIFIs’, as drafted by the Basel Committee last month, shall go ahead. Ditto “living wills”.

The real fun will come later this week, when the methodology for determining who is a G-SIFI will be published, along with proposals for measures that can be taken to deal with failing SIFIs, such as the living will. Read more

Around the world in 25 megabanks

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

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| Jun 20 2011 16:55 | Comment |

…Around the world, and (potentially) sat on the face of the global recovery.

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Regime for big banks kept fluid

| Nov 12 2010 05:52 | Comment |

Governments and financial regulators will keep fluid a list of big banks that should be classed as global systemically important financial institutions – or GSifis – as they strive to deal with the potential danger of a two-tier system, reports the FT. Twenty or more of the world’s biggest banks are set to be categorised as GSifis but regulators are determined that the list should be reviewed regularly – at least annually, according to one senior supervisor – so institutions that grow or change rapidly or acquire rivals can be brought into the regime. At the same time a new global regulatory group will be created to police the way national regulators supervise their GSifis and impose tighter rules as well as possible capital surcharges and mandatory losses on creditors in the event of a government bail-out. The new rules are to be outlined in a G20 communique on Friday. Read more