How are ‘Global Systemically Important Banks’ (G-SIB) monitored under BASEL
Failure of a Systemically Important Bank amplifies the impact on world economy for two reasons. Firstly, banking services in many countries rely heavily on these banks. Secondly, it shakes customer confidence in banks which may trigger a contagion effect. How are such #TooBigToFail banks identified and monitored under current BASEL norms? Amit Balooni provides a quick overview of the process and its disadvantages