Monitoring Systemic Institutions for the Analysis of Micro-macro Linkages and Network Effects

TISSOT Bruno¹, BESE GOKSU Evrim²

1.BIS, Basel, Switzerland
2.IMF, Washington D.C.

Abstract: In the aftermath of the Global Financial Crisis (GFC) of 2007-09, the G-20 endorsed the collection and sharing of data on global systemically important financial institutions (G-SIFIs). This initiative started with the collection of data on global systemically important banks (G-SIBs). It set in motion the first large-scale initiative to collect and regularly share among national jurisdictions – as well as with relevant international institutions to some extent – granular information on a selected panel of individual institutions that play a systemic role in global financial markets. This is a key initiative to better understand the various and complex linkages between micro, institution-level information and the macro, system-wide environment as well as network effects. This paper discusses the key objectives of this international exercise, the main features of the initiative that have been implemented thus far, the challenges faced and the related lessons that can be drawn.

Keywords: financial stability, systemic institution, data sharing, granular data.

Pages: 129 – 136 | Full PDF Paper