RBI Grade B Officers 21 Nov 2015 Paper

(1) In the financial world, SIFIstands for Systemically ImportantFinancial Institution. Itis a bank, insurance company,or other financial institutionwhose failure might triggera financial crisis. As the2007-2012 global financialcrisis has unfolded, the internationalcommuni ty hasmoved to protect the globalfinancial system through preventingthe failure of SIFIs.