Theoretical and Methodological Foundations of Systemically Important Banks
Abstract
The article theoretically studies the activities of systemically important banks. In particular, the opinions and scientific research of economists on this issue are studied. At the same time, the main emphasis is placed on the methodology for identifying global and national systemically important banks.The study highlights the critical role of systemically important banks in maintaining financial stability, preventing systemic crises, and ensuring resilience in the banking sector. It also examines how these banks’ size, interconnections with other financial institutions, substitutability of their services, and cross-jurisdictional activity contribute to systemic risk. By reviewing both theoretical approaches and practical regulatory measures, the article emphasizes the need for additional capital, liquidity, and risk management requirements for SIBs. Moreover, the study discusses the global and national policy implications, including the formulation of early warning mechanisms, stress-testing practices, and macroprudential oversight.
References
Basel Committee on Banking Supervision, "A framework for dealing with domestic systemically important banks," Bank for International Settlements, Basel, 2012. [Online]. Available: https://www.bis.org/publ/bcbs233.pdf
Basel Committee on Banking Supervision, "A framework for dealing with domestic systemically important banks," Principle 5, pp. 3, 6, 2012.
J. de Larozyer, "Regulirovaniye protiv nadzora," *Central-Banking.com*, Feb. 21, 2012. [Online]. Available: http://www.centralbanking.com/type/interview/category/central-banks/monetary-policy
A. Demirguc-Kunt, "Do we need big banks? Evidence on performance, strategy and market discipline," The World Bank Development Research Group Finance and Private Sector Development Team, 2011.
C. Zhou, "Are Banks Too Big to Fail? Measuring Systemic Importance of Financial Institutions," *International Journal of Central Banking*, 2010.
Basel Committee on Banking Supervision, "Global systemically important banks: assessment methodology and the additional loss absorbency requirement," Bank for International Settlements, Basel. [Online]. Available: https://www.bis.org/publ/bcbs207.pdf
E. O. Сuchkova, "Об идентификации системно значимых банков на национальном уровне," *Деньги и кредит*, no. 4, pp. 54-61, 2017.
G. I. Пеникас and M. V. Анохина, "Исследование факторов системной значимости глобальных банков," *Банковское дело*, no. 10, pp. 33-42, 2014.
Y. Yao, X. Zhu, L. Wei, and J. Li, "A systemic importance score for identifying systemically important banks," *Procedia Computer Science*, no. 55, pp. 72-81, 2015.
H. Avgouleas, "Regulating global systemically important banks," *Journal of Financial Regulation and Compliance*, vol. 21, no. 2, pp. 101-115, 2013.
D. Schoenmaker, "Macroprudential regulation of international banks: Theory and practice," *Journal of Banking & Finance*, vol. 37, no. 10, pp. 3501-3513, 2013.
F. Restoy, "Systemic risk and the design of banking regulations," *Financial Stability Review*, Banque de France, no. 17, pp. 45-62, 2013.
R. H. Sitwala, "Measuring systemic importance in the banking sector," *International Review of Financial Analysis*, vol. 41, pp. 120-134, 2015.
M. Cerutti, S. Claessens, and L. Laeven, "The use and effectiveness of macroprudential policies: New evidence," *Journal of Financial Stability*, vol. 28, pp. 203-224, 2017.
T. Beck, A. Demirguc-Kunt, and R. Levine, "Financial institutions and markets across countries and over time: Data and analysis," *World Bank Policy Research Working
Copyright (c) 2025 Ashurov Jaloliddin Eshpulatovich Eshpulatovich
This work is licensed under a Creative Commons Attribution 4.0 International License.
In submitting the manuscript to the Central Asian Journal of Innovations on Tourism Management and Finance, the authors certify that:
- They are authorized by their co-authors to enter into these arrangements.
- The work described has not been formally published before, except in the form of an abstract or as part of a published lecture, review, thesis, or overlay journal.
- That it is not under consideration for publication elsewhere,
- The publication has been approved by the author(s) and by responsible authorities – tacitly or explicitly – of the institutes where the work has been carried out.
- They secure the right to reproduce any material that has already been published or copyrighted elsewhere.
- They agree to the following license and copyright agreement.
License and Copyright Agreement
Authors who publish with Central Asian Journal of Innovations on Tourism Management and Finance agree to the following terms:
- Authors retain copyright and grant the Central Asian Journal of Innovations on Tourism Management and Finance right of first publication with the work simultaneously licensed under Creative Commons Attribution License (CC BY 4.0) that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors can enter into separate, additional contractual arrangements for the non-exclusive distribution of the Central Asian Journal of Innovations on Tourism Management and Finance published version of the work (e.g., post it to an institutional repository or edit it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) before and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
