Publication date: 8 July 2019
Key points:
- European G-SIBs (global systemically important banks) have successfully reduced the associated systemic risk in line with the objectives of the FSB’s TBTF (too-big-to-fail) reforms,
- Evolutions may differ for EU and Rest-of-World markets,
- Reforms have also generated some unintended consequences which should be addressed, such as fragmentation of financial resources and obstacles to consolidation and to funding of the EU economy,
- While EU G-SIBs’ systemic risk has materially reduced, risk has shifted to other market participants, which should be the focus of the FSB’s work going forward.
EBF advisor: Judith Ay
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