Global banking: Foresights and insights (Video V)SIFI rules are recasting global banking

The global financial crash has set off a raft of new financial regulation at the local and international levels. One particularly notable development is the move to identify the largest global banks – those capable of causing the most damage to the global financial system should things go wrong – and then to tailor risk-reducing regulations for them.

The new rules for these systemically important financial institutions – or SIFIs — set more stringent capital and liquidity requirements that are causing the largest global banks to restructure their businesses in important ways.


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What is a SIFI? (Part 1 of 14): A systemically important financial institution (SIFI) is a financial institution considered sufficiently large, complex and interconnected that – should it experience serious financial issues – could cause significant damage to other financial institutions and the global financial system.

 

Session moderator

Steve Sherretta, Knowledge@Wharton editor



Panelists


Bill Schlich Bill Schlich
Global Banking & Capital Markets Leader, EY

Vangel Donald Don Vangel
Senior Advisor, Banking and Regulatory Matters, EY

Itay goldstein Itay Goldstein
Professor of Finance, The Wharton School
  Planning for growth
  Detailed reports on the implication for key functions and processes
  Strategy and business evolution Strategy and
business evolution

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Finance and capital markets Finance and
capital markets

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Human resources Human resources
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  Customer reach Customer reach
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Governance, risk and compliance Governance, risk and compliance
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  Supply chain Supply chain
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IT and infrastructure IT and
infrastructure

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