Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/94477
Authors: 
Georg, Co-Pierre
Year of Publication: 
2011
Series/Report no.: 
Working Papers on Global Financial Markets 17
Abstract: 
One of the most pressing questions in the aftermath of the financial crisis is how to deal with systemically important financial institutions (SIFIs). The purpose of this paper is to review the recent literature on systemic risk and evaluate the regulation proposals in the Basel III framework with respect to this literature. A number of shortcomings in the current framework are analyzed and three measures for future reform are proposed: counter-cyclical risk-weights, dynamic asset value correlation multipliers, and enhanced transparency requirements for SIFIs.
Subjects: 
systemic risk
SIFIs
regulation
JEL: 
C63
E52
E58
G01
G21
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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