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SIFI: Whether in or out, start preparing now

Deloitte, SIFI: Whether in or out, start preparing nowAs regulators put a broader spotlight on measures designed to help avoid and mitigate risk to the global financial system from the failure of a SIFI (systemically important financial institution), companies need to prepare for the coming change. If they will be SIFI-eligible or even if they are near-SIFI status, they need to pay attention as regulators clarify how they will implement the Dodd-Frank Act. How will they measure up in terms of infrastructure and capital?

Can they meet the need for the living wills regime, credit-exposure reports, and stress testing requirements? Do they have sufficient capital buffers to meet the emergent SIFI standards? These are not trivial questions, nor can they be addressed and answered quickly. This whitepaper defines the purview of SIFI and examines the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act's mandate to protect the US financial system from systemic risk.

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SIFI: Whether in or out, start preparing now
  Point of view | 8 pages

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