The controller groups the banks into five categories depending on the level of possible risk for the global system. The United States became the leading country by the number of banks included in the list of the financial stability Board.
MOSCOW, 3 Nov. The financial stability Board (Financial Stability Board), created by the G20 and the Basel Committee on banking supervision on Tuesday published the annual list of global systemically important banks, it included 30 banks, including the U.S., Europe, China and Japan.
The United States became the leading country by the number of banks included in the list (eight banks) — JP Morgan Chase, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, State Street and Wells Fargo, said the Council.
The Council has grouped banks into five categories depending on the level of possible risk for the global system. In accordance with that determined by the additional buffer of capital that a Bank needs to have, in addition to 7% set by Basel III. The most important banks for the global financial system is recognized as JP Morgan Chase and HSBC — they need to have a buffer of 2.5%. Followed by Barclays, BNP Paribas, Citigroup and Deutsche Bank, which required additional capital in the amount of 2%.
Among the Chinese banks on the list from last year has retained three banks — Agricultural Bank of China, Bank of China and Industrial and Commercial Bank of China. This year the Council added to the list of systemically important another Bank of China — China Construction Bank. He took the place of the Spanish BBVA, which this year was deprived of the title of a systemically significant.
Their places on the list of systemically important keep the British HSBC, Barclays, Standard Chartered and Royal Bank of Scotland, the French BNP Paribas, Societe Generale, Credit Agricole and Group BPCE. Also in the list of Spanish Bank Santander, Deutsche Bank, Swiss Credit Suisse, UBS, Dutch ING Bank, Swedish Nordea and Unicredit. The list also included three of the credit institution from Japan — Mitsubishi UFG, Mizuho and Sumitomo Mitsui.
The financial stability Board was established by the countries of the big twenty in London summit in April 2009 on the basis of the financial stability Forum, which existed since 1999. The organization’s main aim is to identify weaknesses in global financial stability, development and application of regulatory and Supervisory policy in this area.