Their counterparties expect it. The regulatory community has also been working hard to strengthen the foundations of critical markets, for three reasons.
“Large financial institutions” are defined as those that meet any of the following conditions: (a) they have been identified as institutions of global or national systemic relevance; (b) they are among the top three banks nationwide based on total assets; (c) their total individual or consolidated assets are equal to or greater than 30 billion euros.