On Development of SIFIs Theory and International SIFIs Regulation

Authors

  • Vladislav PAVLÁT University of Finance and Administration
  • Otakar SCHLOSSBERGER University of Finance and Administration
  • Karel HAVLÍČEK University of Finance and Administration

Keywords:

Basel 3, D-SIB, G-SIB, systemically important financial institution-SIFI, too-big-to-save

Abstract

The goal of this paper is to demonstrate the development of SIFIs theory which enabled an important progress of SIFIs´ regulation during the period of the last 15 years. At the same time we discuss selected problems related with the present state of domestic systemically important banks which is related to the actual implementation of D-SIB internationally accepted regulation measures in the open small countries economics. The paper (part Two)gives a brief characteristic of new approaches to systemic risk and its elementary feature (2.1), a characteristic of origins and development of SIFIs theory (2.2), and problem of SIFIs identification is explained(2.3). Practical problems of SIFIs regulation are high-lighted (part Three and Four). A tentative comparison of banking systems of Georgia and the Czech Republic is included (4.1).

Author Biographies

Vladislav PAVLÁT, University of Finance and Administration

Professor of Finance

Otakar SCHLOSSBERGER, University of Finance and Administration

Head of Finance Department

Karel HAVLÍČEK, University of Finance and Administration

Dean

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Section

Articles