Basel Committee’s Walter: Consensus reached on method to identify Sifis

Consensus has been reached by the Basel Committee on Banking Supervision members on a method to be used to determine which banks are so important their failure would undermine financial stability, Stefan Walter, secretary-general of the Basel Committee, has revealed.

Walter says the Committee has "developed a methodology that embodies the key components of systemic importance". He added that the method would then allow "differentiated treatment of systemic institutions without needing to specify