About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

FSB Publishes 2018 List of Global Systemically Important Banks

Subscribe to our newsletter

The Financial Stability Board (FSB) has added one bank, Groupe BPCE, and dropped two, Nordea and Royal Bank of Scotland, from the 2018 list of global systemically important banks (G-SIBs). Decisions on which banks should be on the 2018 list was based on end-2017 data and a Basel Committee on Banking Supervision (BCBS) assessment methodology. The latest decisions decrease the number of banks identified as G-SIBs from 30 to 29.

Following the November 2012 introduction of a bucket system, which puts G-SIBs into five different buckets depending on capital buffers they are required to hold by national authorities in accordance with international standards, two banks have moved to a lower bucket – Bank of America has moved from bucket three to bucket two, and China Construction Bank has moved from bucket two to bucket one (where bucket five requires the largest capital buffer).

In the lists below, 2018 G-SIBs are allocated to buckets corresponding to required levels of additional capital buffers (the percentage numbers) that each must hold in 2020. Higher capital buffer requirements have been phased in since January 1, 2016, with full implementation by January 1, 2019 leading to required 2020 holdings.

Bucket 5 (3.5%) – Empty

Bucket 4 (2.5%) – JP Morgan Chase

Bucket 3 (2.0%) – Citigroup, Deutsche Bank, HSBC

Bucket 2 (1.5%) – Bank of America, Bank of China, Barclays, BNP Paribas, Goldman Sachs, Industrial and Commercial Bank of China, Mitsubishi, UFJ FG Wells Fargo

Bucket 1 (1.0%) – Agricultural Bank of China, Bank of New York Mellon, China Construction Bank, Credit Suisse Groupe, BPCE Groupe, Crédit Agricole, ING Bank, Mizuho FG, Morgan Stanley, Royal Bank of Canada, Santander, Société Générale, Standard Chartered, State Street, Sumitomo Mitsui FG, UBS, UniCredit Group

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to automate entity data management and due diligence to ensure efficiency, accuracy and compliance

Requesting, gathering, analysing and monitoring customer, vendor and partner entity data is time consuming, and often a tedious manual process. This can slow down customer relationships and expose financial institutions to risk from inaccurate, incomplete or outdated data – but there are solutions to these problems. This webinar will consider the challenges of sourcing and...

BLOG

The Challenge of Data Integration in a Multiple Data Source World

By Inesa Smigola, Head of Presales, EMEA and APAC at Xceptor. Financial institutions have a growing data challenge – ever increasing data volumes, much of it unstructured, multiple data sources, and hugely varied data formats and structures. Across this is the additional challenge of inconsistent data quality according to data source and format– an Excel...

EVENT

RegTech Summit London

Now in its 8th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Preparing For Primetime – How to Benefit from the Global LEI

They say time flies when you’re enjoying yourself, and so it seems the industry have been having a blast with its preparations for the introduction of the global legal entity identifier (LEI) next month. But now it’s time to get serious. To date, much of the industry debate has centred on the identifier itself: its...