Abstract
The exposure to moral hazard risk in business is present both in the economy and in the financial sector, and is manifested as a readiness of the contractual party to take unusual risks or not to enter contracts in good faith. The moral hazard risk in the financial sector may obtain a systemic dimension, hence the Financial Stability Board (FSB) launched an initiative towards G20 with the aim of mitigating the exposure to this risk, caused by systemically important institutions (SIFI). The final version of this initiative titled 'Key Attributes of Effective Resolution Regimes for Financial Institutions' was endorsed at the G20 Summit in Cannes, on 4 December 2011.
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