11/23/2021 | Press release | Distributed by Public on 11/23/2021 04:05
The Basel Committee on Banking Supervision today published further information related to its 2021 assessment of global systemically important banks (G-SIBs), with additional details to help understand the scoring methodology.
The publication accompanies the Financial Stability Board's release of the updated list of G-SIBs and includes:
The Committee's methodology assesses the systemic importance of global banks using indicators calculated from data for the previous fiscal year-end (2020) supplied by banks and validated by national authorities. The final scores are mapped to corresponding buckets that determine the higher loss absorbency requirement for each G-SIB.
Basel Committee's G-SIB interactive dashboard has been updated to reflect the latest results.
In July 2018, the Committee concluded a review of the G-SIB framework and published a revised assessment methodologythatis expected to be implemented in member jurisdictions by 2022.