
Toward a Framework for Macroprudential Regulation and Supervision of Systemically Important Financial Institutions (SIFI)
One of the key features of regulatory-supervisory reform thinking post 2006-2007 Global Financial (nee US Subprime Mortgage) Crisis is emergence and popularisation of the ‘systemic’ theme. In a similar vein, talks of ‘too interconnected to fail’ superseding ‘too big to fail’ widely circulate.
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