Threats posed by systemic banks vary by region
Eurozone and UK G-Sibs are too big to fail because of their cross-border activities, Chinese G-Sibs because of their size
Not all global systemically important banks (G-Sibs) are alike. For those in the European Union and Canada, it is the extent of their cross-border activities that earned them their too-big-to-fail label. In contrast, those in Switzerland were designated because of their complexity, those in the US because of their non-substitutability, and those in China and Japan because of their size.
The 2019
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