23 nov 2021 20:12 GMT
In total, 30 financial organizations were included in this list.
The Financial Stability Council, a body made up of representatives of the G20 central banks, named JPMorgan Chase the world’s most systemically important bank, according to the list published Tuesday on its website.
In total, 30 financial organizations were included in the list of systemically important banks. The body grouped the companies into five groups based on the percentage of capital adequacy that national regulators require of banks.
Thus, the first group, with a 3.5% surcharge, is empty this year; while JPMorgan Chase is part of the second, with a 2.5% premium. BNP Paribas, Citi Group and HSBC were in the third block, with a surcharge of 2%; and credit institutions such as Bank of America, Bank of China, Barclays, China Construction Bank and others ranked fourth with a premium of 1.5%.
Most of the organizations were part of the fifth group with an additional equity percentage of 1%.