• Service: Audit, Tax, Advisory
  • Industry: Financial Services, Banking & Capital Markets
  • Type: Publication series
  • Date: 8/3/2011

Dodd-Frank Quick Hits Alert - SIFI rule progress - (July 2011) 

KPMG’s Americas’ Financial Services Regulatory Center of Excellence released an alert in July 2011 addressing the progress of the G20 on determining requirements of SIFI.
On July 19, the Financial Stability Board (FSB) and the Basel Committee on Banking Supervision (BCBS) published two consultation papers on addressing the risks posed by systemically important financial institutions (SIFIs). The proposals are designed to reduce the likelihood and impact of SIFI failures by requiring SIFIs to hold more capital and to prepare credible recovery and resolution plans (RRPs).