SIFI
/ˈsɪfi
/noun (plural SIFIs) chiefly US
A financial institution regarded as so important to the economy that its failure could lead to a widespread economic crisis: G20 finance ministers endorsed a comprehensive framework to reduce the risks posed by SIFIs...
- It may be designated a non-bank SIFI under a Financial Stability Oversight Council proposal.
- I suggest that the problem with SIFIs is they are fundamentally inconsistent with capitalism.
- Under the proposed rules, identifying systemically important financial institutions other than banks - in short, nonbank SIFIs - will normally be a sequential three-stage process.
Origin
Early 21st century: acronym from systemically important financial institution.