Designating Systemically Important Financial Institutions: Balancing Costs and Benefits
Designating Systemically Important Financial Institutions: Balancing Costs and Benefits, Testimony before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, Douglas J. Elliott, Fellow in Economic Studies, the Brookings Institution “In Dodd-Frank, Congress wisely gave regulators a wider mandate to oversee systemically important financial institutions (SIFIs). These institutions are the ones most capable …