There are three pressing issues on the reform agenda: The first problemconcerns systemically important financial institutions, SiFis for short. To realign risks and return, the reform agenda is putting much effort in resolving the “too-big-tofail” problem. Capital surcharges for SIFIs will be applied to help achieve this goal.
A new framework for monetary policy?” Journal of Economic Perspectives, 11, pp. 97-116. 2  BIS Review 53/2006  in some aspects but still allows room for exercising judgment 9 . In some circumstances, the «specific target rules» alluded to by Svensson may be nevertheless too rigid.