FSB too-big-to-fail evaluation: EBF comments

Publication date: 8 July 2019

Key points:

• European G-SIBs (global systemically important banks) have successfully reduced the associated systemic risk in line with the objectives of the FSB’s TBTF (too-big-to-fail) reforms,


• Evolutions may differ for EU and Rest-of-World markets,


• Reforms have also generated some unintended consequences which should be addressed, such as fragmentation of financial resources and obstacles to consolidation and to funding of the EU economy,

• While EU G-SIBs’ systemic risk has materially reduced, risk has shifted to other market participants, which should be the focus of the FSB’s work going forward.

EBF advisor: Judith Ay

FSB too-big-to-fail evaluation: EBF comments