Banking activities entail a systemic risk that affects the

Systemic risk is intrinsic to globalization.

Board ( ESRB ) .

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

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

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.

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 .

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.

Systemic impact assessment framework

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.

So it's systemic across the entire country.

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

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 .

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.

The financial crisis, morphing quickly into a global economic downturn, resulted not just from a failure to react to growing instability, risk, and imbalance, but also from a widespread pre crisis inability to see the rising systemic risk.

This goal is not surprising declining or not, Russia has always seen itself as a great power that should be surrounded by buffer states.

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.

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 .

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.

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.

Risk

Risk

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

General observations The ECB supports the objective of the proposed directive , which introduces in 11 financial sector directives amendments that are necessary to ensure the proper functioning of the European Supervisory Authorities ( ESAs ) and of the European Systemic Risk Board ( ESRB ) .

Considering this possibility , the ECB is of the opinion that the Convention 's implications within the Community on settlement finality and related settlement and custody aspects are sufficiently serious and have the potential to raise systemic risk issues .

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 ( ii ) where a participant is in breach of the RTGS rules in question