Systemically important financial institution Current Affairs, GK & News
The State Bank of India (SBI), ICICI Bank and HDFC Bank would have to comply with additional capital requirement norms by 1st April 2019 as the banks continue to be in the Reserve Bank of India (RBI)’s list of Domestic Systemically Important Banks (D-SIBs) for 2018. D-SIBs are required to maintain higher capital as compared ..
Topics: BSE SENSEX • CNX Nifty • Economy • Finance • Financial regulation • Financial services • ICICI Bank • Public Sector Banks in India • Reserve Bank of India • State Bank of India • Systemic risk • Systemically important financial institution
Insurance regulator IRDAI has constituted a committee that will not only facilitate in identifying the Systemically Important Insurers (SIIs), but also recommend enhanced supervision measures for them. The committee headed by IRDAI member (finance and investment) Pravin Kutumbe will submit its report within six months. The committee would study the methodology followed by International Association ..
Topics: Economy • Finance • Financial regulation • IAIS • Insurance • Insurance industry • International Association of Insurance Supervisors • Money • Systemic risk • Systemically important financial institution
After the global financial crisis of 2007, the G-20 has created an institution called Financial Stability Board to design sophisticated regulation measures for banks to prevent future bank failure. Beside this, the central banks of each country identify Domestic Systemically Important Banks (D-SIBs). While the Basel Committee on Banking Supervision (BCBS) started to identify big ..
Topics: Basel Committee on Banking Supervision • Central banks • Economic globalization • Economy • Finance • Financial regulation • Financial Stability Board • Global financial system • International finance institutions • Money • Systemic risk • Systemically important financial institution