The issues I just discussed are certainly relevant to thrift banks because you are the ones defining your target audience and by extension, you will have to provide for the “totality” of your clients’ experience, regardless of where they may be.
As we refashioned the Basel approach, we added a metric on short-term wholesale funding dependence to the formula for determining a firm’s systemic significance, a factor that unfortunately had not been included in Basel. I hope that when it comes time for a review of the Basel methodology for identifying and grouping G-SIBs, funding practices and vulnerabilities will receive more attention.