Systemic risk and systemic stability in the prudential banking framework
At the aftermath of the 2007–2009 global financial crisis, a new core principle has emerged in banking law and regulation, namely, safeguarding:
• What is systemic risk, and how is it transmitted across financial institutions and systems?
• Explain the rationales for prudential banking regulation.
• Explain the difference between macro-and micro-prudential regulations.
• How has the importance of macro-prudential supervision changed fnancial systems
since the global fnancial crisis?
• Which fnancial institutions are considered to be G-SIBs, and what are the conse–
quences of this characterisation?
