The Bank of England estimates that, between 2002 and 2007, this was equivalent to about $ billion per annum for the 20 largest global banks  BIS central bankers’ speeches  3  First, the FSB has identified those banks that are systemically important at the global level, based on size, complexity and interconnectedness with other aspects of the financial system.3 There are no Canadian banks on the current list.
Second, to address the systemic and moral hazard risks associated with these systemically important financial institutions (SIFIs), the FSB has developed a range of measures, known as the Key Attributes.4 When implemented, these will help to ensure that any financial institution can be resolved without severe disruption to the financial system and without exposing the taxpayer to the risk of loss.