FSB publishes its annual update of the group of global systemically important banks

by Sabrina I. Pacifici on November 12, 2013

“The Financial Stability Board is publis[ed] today its annual update of the list of G-SIBs, using end-2012 data and an updated assessment methodology published by the Basel Committee on Banking Supervision in July 2013. One bank – Industrial and Commercial Bank of China Limited – has been added to the list of banking groups identified as G-SIBs in 2012, increasing the overall number from 28 to 29. G-SIBs are banks that have been identified as globally systemically important financial institutions (G-SIFIs). In its July 2013 publication, the BCBS also announced that it would bring forward by one year to November 2013 the publication of the denominators used to calculate banks’ scores, as well as the cut-off score and thresholds used to allocate the banks to buckets. The BCBS publishes today these data on its website.”

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