FSB unveils latest G-Sib list
One bank joins and other drops off the list of the world’s most systemically important firms
The Financial Stability Board published its 2017 list of global systemically important banks (G-Sibs) today (November 21).
Though the overall number of G-Sibs is unchanged, Royal Bank of Canada joined the list in the lowest ‘bucket’, which carries a 1% capital surcharge, and Groupe BPCE came off the list. Bank of China and China Construction Bank moved to a higher bucket, while BNP Paribas, Citigroup and Credit Suisse moved to a lower one.
The highest bucket, which carries a 3.5% capital
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