Summary of Assessment Methodologies for Identifying Non-Bank Non-Insurer Global Systemically Important Financial Institutions

In this report, the Financial Stability Board (FSB) – consisting of the G20’s central bankers and finance ministries – explains how to identify global systemically important financial institutions that are neither banks nor insurance companies. The report’s imposing title belies its straightforward and well-informed examination of “shadow banking” and makes recondite subject matter relatively accessible. Because the Board’s report is consultative in nature and open to public comment, it poses additional questions as much to gauge regulators’ understanding of the issues as to generate additional critical thinking about them. getAbstract commends the FSB’s work, despite its wonkish tone, to regulators, policy makers, economists, financial practitioners and anyone with an interest in the world’s financial plumbing and its inherent risks.