Skip to Main Content

Enter search term Search
About Us
We’re one of 12 regional Federal Reserve Banks working together with the Board of Governors to support a healthy economy. Our job is to serve the American public — to serve you. And our mission is to foster economic stability and strength.

Learn more about our bank >
Banking & Supervision
We work to support a safe and sound financial system and foster an efficient and accessible payments system.
- Consumer Resources
- Contacts
Economic Research
We conduct research to support policymaking and thought leadership on issues important to the Federal Reserve and the Fifth District. We also inform the public through our data and economic analysis, publications, presentations and educational resources.

Learn more about Economic Research >
Region & Communities
We share research, data and resources and regularly engage regional leaders and policymakers to understand and address community‑specific economic issues.
- Our Region
Education
We work with teachers, students and the public to enhance understanding of economics, personal finance and the Federal Reserve.

Learn more about our resources and educational programs. >
- Resources & Programs
- Economic Education Outreach
- Our Team

Identifying Systemically Important Financial Institutions

By David A. Price and John R. Walter

Economic Brief

April 2011, No. 11-04

The Dodd-Frank Act, in addressing systemic risks to the financial system, requires federal regulators to extend a variety of requirements to nonbank financial institutions that are deemed "systemically important." But how can regulators, and the institutions themselves, best determine whether an institution is systemically important? Research in this area has generated a number of potential approaches.

Download essay

Additional Resources

Acharya, Viral V., Lasse H. Pedersen, Thomas Philippon, and Matthew Richardson, "Measuring Systemic Risk," Manuscript, May 2010.

Adrian, Tobias and Markus K. Brunnermeier, "CoVaR," Manuscript, November 2010.

Elliott, Douglas J. and Robert E. Litan, "Identifying and Regulating Systemically Important Financial Institutions: The Risks of Under and Over Identification and Regulation," Brookings Policy Brief, January 2011.

Giglio, Stefano. "Credit Default Swap Spreads and Systemic Financial Risk," Manuscript, January 2011.

Contact Us

RC Balaban