Alternative Investment Management Association Representing the global hedge fund industry
Following the recent financial crisis, the G20 has been focusing on the regulation of entities which are considered to be ‘too big to fail.’ Consequently, leaders of the G20 requested that the Financial Stability Board (FSB) develop a policy framework to address SIFIs.
The FSB published a list of global systemically important financial institutions (‘G-SIFIs’) in November 2011 and assessment methodologies have been developed for global systemically important banks (G-SIBs) and insurers (‘G-SIIs’). The FSB has recently been working, in consultation with the International Organization of Securities Commissions (IOSCO), to prepare methodologies to identify non-bank non-insurer (‘NBNI’) G-SIFIs, which aims to capture financial institutions (other than banks and insurers) “whose distress or disorderly failure, because of their size, complexity and systemic interconnectedness, would cause significant disruption to the wider financial system and economic activity”.
This page contains information relating to the international work that is being carried out in relation to NBNI G-SIFIs as well as information on measures that are taken by individual countries, such as the United States.
How Important Are Hedge Funds in a Crisis? - Report by the Federal Reserve Bank of San Francisco