The Global Risks Alliance (GRA)
Topics at Financial Stability: the pages in this section are listed below, each with its own scope and status.
The Financial Stability topics are the eight subject dossiers of its field, among them systemic interconnectedness, nonbank financial intermediation, and liquidity and market stress. Each dossier sets out how the risk develops, what is measured and in which units, the public sources and their licences, the methods, who decides and the limits of the evidence.
GRA is a nonprofit business league for the financial services industry. It does not lend, underwrite, rate, invest, advise on or arrange transactions, and readiness work is not approval.
Topic pages in Financial Stability share one structure: mechanisms, indicators, sources, methods, decisions and limits, written for macroprudential and stability analysts and systemic risk researchers.
Each term as this page uses it. Where a standard-setting body defines the term, the wording follows that body.
| Term | Definition |
|---|---|
| Global systemically important bank | A bank whose distress would disrupt the global financial system, identified annually by the FSB using BCBS indicators. |
| Liquidity mismatch | A gap between how quickly investors can withdraw and how quickly a fund can sell its assets without loss. |
| Market liquidity | The ease of trading an asset quickly in size without moving its price. |
| Fire sale | A forced sale of assets at prices below fundamental value, which imposes losses on other holders. |
| Global financial cycle | Co-movement in capital flows, credit and asset prices across countries driven by conditions in major financial centres. |
The bodies and documents this page is read against. Status and editions change; each link goes to the issuing body.
Banks, insurers and nonbanks linked through exposures.
TopicFunds, credit and liquidity connections.
TopicFunding shortages and correlated behavior.
TopicAmplification pathways across markets.
TopicGlobal funding and currency spillovers.
TopicRecovery, resolution and public authority boundaries.
TopicScenario, sensitivity and model limits.
TopicRisk transmission to jobs, services and public finance.
The current service level is R0: information and enquiries. An enquiry receives a reference and names the next step; applications, payments, compute allocations and registrations open only when their team, terms and review capacity exist.