PPT-1 How to Prevent and Better Handle the Failures of Global Systemically Important Financial

Stijn Claessens based on Geneva Report on the World Economy 12 Stijn Claessens IMF Richard J Herring Wharton School Dirk Schoenmaker Duisenberg school of finance Conference . bisorg Bank for International Settlements 2013 All rights reserved Brief excerpts may be reproduced or translated provided the source is stated ISBN 92 9131 947 print ISBN 92 9197 947 online Global systemically important banks updated assessment meth In November 201 1 the Financial Stability Board published an integrated set of policy measures to address the systemic and moral hazard risk associated with systemically important financial inst itutions SIFIs In that publication the FSB identified At recent Summits G20 Leaders asked the F inancial Stability Board F SB to develop a policy framework to address the systemic and moral hazard risk associated with systemically important financial institutions SIFIs and initially in particular glob In November 201 1 the Financial Stability Board published an integrated set of policy measures to address the systemic and moral hazard risk associated with systemically important financial inst itutions SIFIs In that publication the FSB identified Emerging Market Economies. Assistant Professor . Dr. . Thanet. . Wattanakul. Faculty of Integrated Social Sciences. Khon. . Kaen. University. Nong. . Khai. Campus. Contents. INTRODUCTION. CAUSES AND CONSEQUENCES OF ASIAN DEBT CRISIS. Global systemically July 2011 The final version of this document was released in November 2011. http://www.bis.org/publ/bcbs207.htm Copies of publications are available from: Bank for Internation 6 November 201 4 measuresto address the systemic and moral hazard riskassociated with systemically ortant financial institutions (SIFIs). In July 2013, the FSB, in consultation with the Internationa Structure and Dynamics. Augusto de la Torre, Erik . Feyen. , and Alain . Ize. WB Conference. Washington DC, 16 June 2011. 1. 1. Chief . Economist . Office. Latin America and the Caribbean. The World Bank. NovemberIn November 2011the FSB the systemic and moral hazard riskassociated with SIFIs. At thtime, the FSB also identified an initial group oglobal systemically important banks (GSIBs), using a Jul Evidence from Capital Flows. Eugenio Cerutti, Stijn Claessens. and Andrew K. Rose. Q: How Important is . Global Financial Cycle for Capital Flows?. Rey and others: . very. “. Risky asset prices around the globe, from stocks to corporate bonds, have a strong common component. So do capital flows … . Evidence from Capital Flows. Eugenio Cerutti, Stijn Claessens and Andrew K. Rose. External Influences and the Blame Game. Consider something important, driven by exogenous external effects. Flight delays . The Case Against Global Standardization. Katharina Pistor. Columbia Law School. Outline. Points of departure. The Structure of Financial Markets. Implications for Regulating Global Finance. The Case for Flexible Coordination of Regulatory Diversity. In November 2011 the FSB published an integrated set of policy measures to address the systemic and moral hazard risks Globrequiremen July 2013 SIB buffers are part of the buffers in the Basel III cap Frostburg, MD. Public, 4 year university. 5300 students. 88% Maryland residents. Shift from traditional 18 year old to transfer student . 42% students of color . 77% freshman-to-sophomore retention rate.