Norges Bank

Staff Memo

Systemic surcharges and measures of systemic importance

Sigbjørn Atle Berg
Staff Memo

There is an emerging consensus that systemically important banks should face stricter regulations and systemic surcharges. To make this latter principle operational we need to quantify the systemic importance of individual banks. This paper reviews the proposed measures of systemic importance from the regulatory and research communities and discusses their merits relative to how we would ideally wish to calibrate surcharges on systemically important banks.

Staff Memos present reports and documentation written by staff members and affiliates of Norges Bank, the central bank of Norway. Views and conclusions expressed in Staff Memos should not be taken to represent the views of Norges Bank.

ISSN 1504-2596 (online)

Published 10 November 2010 12:15
Published 10 November 2010 12:15