FSB publishes updates on G-SIBS
The FSB is releasing three documents on latest steps in implementing the FSB’s policy framework for addressing the systemic and moral hazard risks associated with systemically important financial institutions (SIFIs).
Update of group of global systemically important banks (G-SIBs)
An initial group of G-SIBs was published in November last year. This updated list of GSIBs is based on end-2011 data. This year, the G-SIBs are shown allocated to buckets corresponding to their required level of additional loss absorbency.
Progress in reforming national resolution regimes and advancing recovery and resolution planning for G-SIFIs is encouraging overall. Getting the right legislation in place is essential to countries having the necessary powers to advance resolvability of G-SIFIs and the legal capacity for cross-border border co-operation. Reforms to align resolution regimes with the FSB’s Key Attributes of Effective Resolution Regimes for Financial Institution are not complete and still ongoing in several FSB jurisdictions.