MIT Golub Center for Finance and Policy
Public Policy
Crowd-sourcing a better definition of a SIFI
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The MIT Center for Finance and Policy recently announced the winners of its first crowd-sourced contest, “What is a Systemically Important Financial Institution?” A collaboration between the MIT Center for Finance and Policy and the Harvard Crowd Innovation Laboratory, the contest was launched to generate new proposals to specify sets of criteria that regulators should apply to designate a financial institution as systemically important. This brief provides some background on the contest and summarizes the ideas that were generated.
