FSB, Basel Issued 2021 G-SIB List
On Nov. 23, FSB, Basel issued global systemically important banks list.
- FSB issued list of global systemically important banks (G-SIB), same 30 as in 2020.
- Used end-2020 data, assessment methodology designed by Basel Committee (BCBS).
- Follows FSB, Basel Nov. 2020 issued global systemically important banks, see #90604.
- Follows Basel Nov. 2021 finalized G-SIB assessment technical amends, see #111687.
- Reminds FSB member authorities apply the following requirements to G-SIBs: higher capital buffer, Total Loss-Absorbing Capacity (TLAC), resolvability, higher expectations.
- The list of the 30 identified G-SIBs in 2020 remains the same for this year 2021.
- Basel issued denominators of 12 high-level indicators used to calculate banks' scores.
- 12 high-level indicators for each bank in sample used to calculate these denominators.
- Cutoff score used to identify G-SIBs in updated list and thresholds used to allocate G-SIBs to buckets for calculating the specific higher loss-absorbency requirements.
- Also provided links to public disclosures of all banks in full sample of banks assessed.
- Basel's G-SIB interactive dashboard has been updated to reflect the latest results.
- Other Aspects
- In Nov. Basel approved technical amendment to G-SIB assessment methodology review process, replaced the 3-year review cycle with ongoing monitoring and review.
- Soon Basel will review implications of developments re EU Banking Union for G-SIB.
- It will include a targeted review of the treatment of cross-border exposures within the EU Banking Union on the G-SIB methodology; new G-SIBs list to be issued Nov. 2022.
||Bank; BHC; SIFI
||PR p21112, 11/23/2021; TLAC
||Compliance; C-Suite; Financial; Reporting; Resolution; Risk; Treasury
|Reg. Last Update
Last substantive update on 11/24/2021