SIFIs are identified based on a metric which takes into account factors such as their global activity, their size, interconnectedness with other segments of the system, their substitutability and the complexity of their operations. G-SIFIs have to maintain additional capital in a range of 1% to 2.5% depending upon their systemiticity. The reason for stipulating higher capital is twofold.
Ladies and gentlemen, let me conclude by saying that the crisis has revealed that the catching-up process in CESEE countries must go hand-in-hand with prudent macro and financial sector policies, and this lesson also applies to all countries in the EU. The achievement of high rates of growth cannot be detached from stability-oriented policies and careful risk management.