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.
  • Overview
  • 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.

Regulators Basel; FSB
Entity Types Bank; BHC; SIFI
Reference PR p21112, 11/23/2021; TLAC
Functions Compliance; C-Suite; Financial; Reporting; Resolution; Risk; Treasury
Countries Global Regulator
Products Banking
Regions Global
Rule Type Final
Rule Date 11/23/2021
Effective Date 11/23/2021
Rule Id 122130
Linked to Rule :90604
Reg. Last Update 11/23/2021
Report Section International

Last substantive update on 11/24/2021