Systemic impact assessment framework

Banking activities entail a systemic risk that affects the

Systemic risk is intrinsic to globalization.

So it's systemic across the entire country.

Board ( ESRB ) .

( ii ) additional payments , if required to avoid systemic risk .

The TARGET system will make a significant contribution to the establishment of sound and efficient payment systems by reducing systemic and liquidity risks .

Proponents hope that this would soften the systemic cost of bank failure.

When I began to understand systemic racism, it changed my whole worldview.

As a result, systemic risk proliferated beyond central bankers wildest imagination.

Lupus nephritis is inflammation of the kidney caused by systemic lupus erythematosus (SLE), a disease of the immune system.

The right approach is to search for and prevent excessive systemic risk wherever it manifests itself.

We need to take additional measures to reduce the level of systemic risk including limiting the size of our largest banks.

It would be unwise to assume that, with the initial hike now behind us, systemic risk has somehow disappeared.

At European level, preliminary work is under way in relation to the European Systemic Risk Board (ESRB) and European supervisory authorities.

Unlike others, we never lost sight of the systemic effects of decisions across the eurozone or the EU.

By failing to adopt its own position today, the European Parliament would, even if it does not mean to do so, be producing negative results, and I do not think wc can allow this to happen, I have to say that in all the contacts I have had, and there have been many of them in a relatively short space of time, I have been urged by all sides to act rapidly, to find fair but innovative solutions on the basis of mediation, able to provide a response to the problem, and

ECB Opinion on Community legislation related to macro prudential oversight of the financial system and the establishment and functioning of the European Systemic Risk Board

The new margin requirements for derivatives, introduced in order to reduce systemic risk, are one example of such a chokepoint.

The ECB nonetheless considers that existing Community legislation has significantly contributed to legal certainty and to reducing systemic risk within the Community .

That is why the FSB report pinpoints the shadow banking system, together with the large global banks, as sources of systemic risk.

MILAN Last summer, after two years of growing uncertainty, systemic risk in the eurozone finally began to wane, as conditional commitments came together.

Third, geopolitical and political tensions are more likely to trigger global contagion when a systemic factor shaping the global economy comes into play.

At this stage , the Eurosystem does not see any immediate systemic risk in this high degree of concentration , as the share of correspondent banking constitutes only a fraction of the overall payment flows in euro .

The contribution made by the Eurosystem to monitoring and controlling systemic risk on a euro area wide basis will be greater if NCBs are more strongly involved in prudential supervision .

A European Systemic Risk Board ( ESRB ) to assess risks to the stability of the entire financial system and to issue risk warnings and recommendations when necessary .

Non libertarians recognize the fatal flaw in this argument financial blow ups entail what economists call a systemic risk everyone pays a price.

Periodic systemic risk affects entire economies and public finances, not only financial markets, and governments should be able to respond during periods of rapid structural change.

In the face of high systemic risk, private capital is leaving banks and the sovereign debt markets, causing governments borrowing costs to rise and bank capitalization to fall.

In addition , the trend towards internationalisation and conglomeration of financial activities raises important issues as to the systemic concerns created by large and complex multinational institutions .

Articles 54 , 58 and 63 shall not prevent a competent authority from transmitting to the European Securities and Markets Authority , the European Systemic Risk Board established by Regulation ...

Prior to the introduction of the CLS , each side of a trade was paid separately . The systemic risk in the event of default was high considering the time interval which typically elapsed between the settlement of the two sides of the trade .

The US proposals, on the other hand, would make universal banking far harder, in part because they aim to ring fence depository institutions that pose a systemic risk to the financial system.

But, while globalization has created unprecedented opportunity, it has also unleashed a new form of systemic risk one that threatens to devastate political institutions and national economies.

A recently launched initiative, called the Systems Approach for Better Education Results (SABER), collects and shares comparative data on educational policies and institutions from countries around the world.

Indeed, this arrangement albeit informal can be viewed as the way regulators manage the systemic risk posed by new entrants.

( ii ) a proposal for a Council decision entrusting the European Central Bank with specific tasks concerning the functioning of the European Systemic Risk Board ( COM ( 2009 ) 500 final )

Therefore , it is necessary to carefully assess whether the Convention 's approach would provide , in certain key respects , a greater degree of legal certainty and protection against systemic risk compared to the existing Community legislation .

Regular surveys are performed ( most recently in 2005 ) among a sample of banks to assess the characteristics of this particular area of payment arrangements from a systemic risk perspective .

Retail payment systems that do not belong to any of the two 1 The Eurosystem comprises the ECB and the national central banks ( NCBs ) of the Member States which have adopted the euro .

Its popularity can ebb quickly when it becomes associated with crippling and systemic failure, whether on the battlefield as in France in 1940 or in the corporate boardroom and on the factory floor.

Prospectuses contain key information that may be of relevance for the purposes of systemic risk analysis , the risk management of companies and the compilation of securities statistics therefore it should be ensured that such information is readily available .

Furthermore , as integration proceeds , the transmission channels for systemic risk are likely to change , which justifies increased cooperation and information exchange between supervisors and central banks in order to promote a robust supervisory and financial stability framework .

At EU level, the regulatory framework must be further reinforced, while the quality of supervision should be enhanced by the ESRB and European Supervisory Authorities, which are operational as of the beginning of 2011.

The grounds for such suspension or termination shall cover any event which entails systemic risk or which could otherwise endanger the smooth operation of payment systems , including ( i ) where a participant enters into insolvency proceedings