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A systemically important financial institution (SIFI) is a bank, insurance company, or other financial institution whose failure might trigger a financial crisis. == Overview == As the 2007-2012 global financial crisis has unfolded, the international community has moved to protect the global financial system through preventing the failure of SIFIs, or, if one does fail, limiting the adverse effects of its failure. In November 2011, the Financial Stability Board published a list of global systemically important financial institutions (G-SIFIs).〔(【引用サイトリンク】title= List of Systemically Important Financial Institutions )〕 The Basel Committee on Banking Supervision introduced new regulations (known as Basel III) that also specifically target SIFIs. The main focus of the regulations is to increase bank capital requirements and to introduce capital surcharges for systemically important banks. However, some economists have warned that the tighter Basel III capital regulation, which is primarily based on risk-weighted assets, may further negatively affect the stability of the financial system. It's important to note that both the Financial Stability Board and the Basel Committee are only policy research and development entities. They do not establish laws, regulations or rules for any financial institution directly. They merely act in an advisory capacity. It's up to each country's specific lawmakers and regulators to enact whatever portions of the recommendations they deem appropriate. Each country's internal financial regulators make their own determination of what is a ''Systemically Important Financial Institution''. Once those regulators make that determination, they may set specific laws, regulations and rules that would apply to those entities. Virtually every Systemically Important Financial Institution operates at the top level as a holding company made up of numerous subsidiaries. It's not unusual for the subsidiaries to number in the hundreds. Even though the uppermost holding company is located in the home country, where it is subject, at that level, to that home regulator, the subsidiaries may be organized and operating in several ''different'' countries. Each subsidiary is then subject to potential regulation by every country where it actually conducts business. At present (and for the likely foreseeable future) there is no such thing as a global regulator. Likewise there is no such thing as global insolvency, global bankruptcy, or the legal requirement for a global bail out. Each legal entity is treated separately. Each country is responsible (in theory) for containing a financial crisis that starts in their country from spreading across borders. Looking up from a country prospective as to what is a Systemically Important Financial Institution may be different than when looking down on the entire globe and attempting to determine what entities are significant. The degree of interconnectedness between financial institutions is almost completely unknown at any specific point in time. When trouble breaks out, fear and contagion effects are extremely unpredictable. Therefore determining exactly what entities are ''significant'' is a difficult assignment, as the real certainty is determinable only well after the fact. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「systemically important financial institution」の詳細全文を読む スポンサード リンク
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