David A. Price and John R. Walter
The Dodd-Frank Act, in addressing systemic risks to the financial system, requires federal regulators to extend a variety of requirements to nonbank financial institutions that are deemed "systemically important." But how can regulators, and the institutions themselves, best determine whether an institution is systemically important? Research in this area has generated a number of potential approaches.
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Elliott, Douglas J. and Robert E. Litan, "Identifying and Regulating Systemically Important Financial Institutions: The Risks of Under and Over Identification and Regulation," Brookings Policy Brief, January 2011.
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