Tesco
Systemic Risk in the Financial System
Report

Systemic Risk in the Financial System

Capital Shortfalls under Brexit, the US elections, and the Italian Referendum

Robert Engle and Cristiano Zazzara
Standard & Poor's, 2017
Get the Report

Read or listen offline

自动生成的音频
  • 0.5×
  • 0.75×
  • 1×
  • 1.25×
  • 1.5×
  • 1.75×
1×
自动生成的音频

Editorial Rating

8

Qualities

  • Analytical
  • Overview
  • Hot Topic

Recommendation

In assessing the worldwide economic disruption that arose from the 2008 financial crisis, policy makers zeroed in on the dangers of large, intertwined financial organizations that can generate substantial spillover effects throughout all sectors of the global economy. In this enlightening analysis, economists Robert Engle and Cristiano Zazzara identify the risks and resilience of such firms to three pivotal events in 2016. getAbstract recommends this compelling though scholarly report to financial professionals and policy experts.

Take-Aways

  • After the 2008 financial crisis, international leaders took on the mission of bringing transparency to systemically important financial institutions (SIFIs).
  • Officials annually designate these organizations based on several factors, including size, interconnectivity and complexity.
  • Policy makers then conduct stress tests on each SIFI and use analytical tools to set capital requirements.

About the Authors

Robert Engle, the 2003 Nobel Laureate in Economics, is a professor at the NYU-Stern School of Business. Cristiano Zazzara is a managing director at S&P Global Market Intelligence.

Comment on this summary or 开始讨论