The problems experienced by a number of large banks significantly exacerbated the recent financial crisis and contributed to the weakening of the global economy. As a result, one of the objectives of the post-crisis regulatory reform agenda has been to minimise the negative externalities arising from the failure of such “too-big-to-fail”, or systemically important, banks (SIBs). A range of measures have been introduced with this objective in mind, and efforts are under way in many jurisdictions to incorporate these measures into domestic guidance and day-to-day supervisory practices.
In the light of these developments, the Financial Stability Institute (FSI) and the South East Asia, New Zealand and Australia (SEANZA) Forum of Banking Supervisors are organising a seminar on the regulation and supervision of SIBs that will provide a forum for banking supervisors to discuss and exchange views on this important topic.
The program is being hosted by CAFRAL on behalf of Reserve Bank of India.
M P Baliga