Monday, 9 December 2013

FSB announces update of group of global systemically important banks (G-SIBs)

The FSB is publishing 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.

Source: Financial Stability Board

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