FSB & BCBS publish 2020 G-SIB list and data

2020/11/11

The Financial Stability Board (FSB) published the 2020 list of global systemically important banks (G-SIBs), determined using end-2019 data and an assessment methodology designed by the Basel Committee on Banking Supervision (BCBS). The 30 banks on the 2020 list are unchanged from 2019. The BCBS published the relevant information on its 2020 assessment of G-SIBs, including the denominators of each of the 12 high-level indicators used to calculate banks' scores; the 12 high-level indicators for each bank in the sample used to calculate these denominators; and the cutoff score used to identify G-SIBs and the thresholds used to allocate G-SIBs to buckets to determine their higher loss absorbency requirements.

Identified G-SIBS are subject to a higher regulatory capital buffer requirement according to their assigned bucket. Compared with the 2019 list, three banks have moved to a lower bucket (JP Morgan has moved from bucket 4 to 3 and Goldman Sachs and Wells Fargo have moved from bucket 2 to 1) and one bank has moved to a higher bucket (China Construction Bank from bucket 1 to 2).