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  3. Although the names on the list of SIFI are supposed to be secret. AIG and Prudential, two insurers, this week confirmed they are

Although the names on the list of SIFI are supposed to be secret. AIG and Prudential, two insurers, this week confirmed they are

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问题     Although the names on the list of SIFI are supposed to be secret. AIG and Prudential, two insurers, this week confirmed they are on it. So too did GE Capital, the conglomerate’s financial arm. These firms, and perhaps others, have joined America’s largest banks and clearing houses in being 【C1】______ "systemically important financial institutions" (SIFIs) by the new Financial Stability Oversight Council, a regulatory watchdog. What that means in practice is that 【C2】______ they are thought to be 【C3】______ enough to blow up America’s economy, they should get special 【C4】______. An appeals process against being 【C5】______ a SIFI will last for 30 days, but discussions have been going on for years so it is hard to believe minds will be 【C6】______ now. The immediate 【C7】______ is that the firms will be regulated by the Fed and 【C8】______ to tougher capital and operational requirements. Jack Lew, the treasury secretary, said the designations would "protect taxpayers, reduce risk in the financial system, and 【C9】______ financial stability."
    Others are less 【C10】______. "This is a catastrophe," says Peter Wallison, a fellow of the American Enterprise Institute, a think-tank, and a former White House counsel. Putting these institutions under the 【C11】______ of the Fed will 【C12】______ undermine their ability to innovate, he argues. And joining the group of entities perceived to be too big to fail means they will enjoy an 【C13】______ government guarantee. That will put them at a funding advantage 【C14】______ smaller companies, he says, and 【C15】______ that their products are government-backed, a huge help for insurers in particular.
    Firms themselves appear to have 【C16】______ feelings about the SIFI label. AIG seems to approve; MetLife, an insurer that has not been designated, thinks that the higher capital requirements it brings could 【C17】______ the viability of some products. Much depends on whether SIFIs are now perceived to have an implicit guarantee, and on 【C18】______ that can be monetised. It also 【C19】______ how many other firms are designated SIFIs. Lots of financial firms in America are large: there are rumblings a-bout money-market funds, asset managers and private-equity firms. Risk can move around the financial system. The question today is which firms should be on the list. Eventually it might be which to 【C20】______.
【C19】
选项 A、matters
B、calculates
C、increases
D、decreases
答案A
解析
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