Abstract
In response to the financial crisis of 2008, the G20 leaders declared their intention to ‘take concrete steps to move forward with tough, new financial regulations so that crises like this can never happen again’ and ‘[so] that banks can never again blackmail states and governments’. Since then, the responsible international regulatory bodies have developed new regulation measures consisting of enhanced supervision, capital surcharges, and the establishment of resolution regimes specifically for banks that would pose high risks to the financial system if they were to fail. In this context, the concept of the “Global Systemically Important Bank”, in short “G-SIB”, has emerged, characterizing the banks that are subject to the new additional regulation and ultimately resulting in an official list of 29 global banks deemed too-systemically-relevant to fail.
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Moenninghoff, S.C. (2018). Empirical Evidence from the New International Regulation Dealing with Global Systemically Important Banks. In: The Regulation of Systemically Relevant Banks . Finanzwirtschaft, Banken und Bankmanagement I Finance, Banks and Bank Management. Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-23811-7_4
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DOI: https://doi.org/10.1007/978-3-658-23811-7_4
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