On November 26, the Financial Stability Board (FSB) released the 2024 list of global systemically important banks (G-SIBs), identifying 29 institutions based on 2023 data. The list of banks remained the same, but some banks shifted buckets. Notably, Bucket 5, which required the highest additional capital buffer of 3.5 percent, remains empty. These G-SIBs are subject to stringent requirements, including higher capital buffers, total loss-absorbing capacity standards, resolvability planning, and heightened supervisory expectations. These measures aim to mitigate hazards and risks posed by these institutions. The FSB’s assessment methodology, revised in 2018, guides the allocation of banks to the appropriate buckets. The capital buffer requirements for G-SIBs identified in the annual update will take effect in January 2026.
