Multilaterals define systemic importance
The International Monetary Fund (IMF), Bank of International Settlements (BIS) and the Financial Stability Board (FSB) have attempted to define when an institution can be deemed too big to fail.
In a report prepared for G20 finance ministers and central bank governors and released on Saturday, the multilateral organisations defined systemic risk as "a risk of disruption to financial services that is caused by an impairment of all or parts of the financial system and has the potential to
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