The Financial Stability Board last week released its 2025 list of global systemically important banks. The list identifies 29 G-SIBs, the same as last year. The list was created in consultation with the Basel Committee on Banking Supervision, which simultaneously released more details on how it assesses G-SIBs.
FSB member nations apply stricter requirements on G-SIBs than on other banks, including rules on higher capital buffers, total loss-absorbing capacity, resolvability and supervisory expectations. Bank of America and the Industrial and Commercial Bank of China moved to a tier requiring a higher level of level of additional common equity loss absorbency as a percentage of risk-weighted assets, while Deutsche Bank moved to a tier requiring a lower level.
U.S.-based G-SIBs include JPMorgan Chase, Citigroup, Bank of America, Goldman Sachs, Bank of New York Mellon, Morgan Stanley, State Street and Wells Fargo, according to the FSB list.
