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Think he means certain banks. Think JP Morgan, Citi, that kind of bank, rather than banks as a whole.
by lordnacho 2y ago
Think he means certain banks. Think JP Morgan, Citi, that kind of bank, rather than banks as a whole.
- chaostheory 2y agoYou’re describing a GSIB. There are only 4-6 banks in the US that’s considered a GSIB
- dabraham1248 2y ago8 (1). And I think that, in this context, those 8 plus the 22 US D-SIBs (2) means that there's 30. FWIW, I _think_ I'm not just pedantically correcting a particular number. I think I'm asserting that keeping track of n organizations is roughly O(n^2), so it's not 4 times as much work to keep track of them all, but more like 56 times as much work. I think that's a real difference that requires a different approach. I get that _you're_ not saying anything re: approach, just terminology. But I think the number matters to this subthread. 1. https://en.wikipedia.org/wiki/List_of_systemically_important_banks#List_of_Global_Systemically_Important_Banks_(G-SIBs) https://en.wikipedia.org/wiki/List_of_systemically_important... 2. https://en.wikipedia.org/wiki/List_of_systemically_important_banks#List_of_Domestic_Systemically_Important_Banks_(D-SIBs) https://en.wikipedia.org/wiki/List_of_systemically_important...