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Regular version of the site

Article

Identifying SIFI Determinants for Global Banks and Insurance Companies

Penikas H. I., Петров В. С.
Lately the role of financial institutions in the economy has risen significantly and now it is important to determine those that are systemically important.The bankruptcy of such institutions creates negative effects for the economy on the global scale. The aim of this research is to identify important financial coefficients that can be used in the methodology of identification of G-SIB (global systemically important banks) and G-SII (global systemically important insurers). G-SIFI (global systemically important financial institutions) are the object of this research. Models of a binary choice and models of an ordered choice are used in this research, several models are highly predictive. Eventually, this research has revealed several financial coefficients that can be used to forecast the SIFIs for the next year or to identify the domestic SIFIs in accordance with the international methodologies but using only data available in the public access.