The Financial Stability Board (FSB) has published an updated list of global systemically important banks (G-SIBs). The list of banks considered G-SIBs are identified by the FSB, using methodology developed by the Basel Committee on Banking Supervision, as part of an integrated set of policy measures designed to address the systemic and moral hazard risks associated with systemically important financial institutions.
One bank (Agricultural Bank of China) has been added to the list of G-SIBs that were identified in 2013, increasing the overall number to 30.
The assignment of the G-SIBs to “buckets” (categories) in the updated list determines the higher loss absorbency requirement that will apply to each G-SIB as these requirements begin to the phased in from 1 January 2016 (with full implementation by 1 January 2019).
The list of G-SIBs will be next updated in November 2015.
View 2014 update of list of global systemically important banks, 6 November 2014