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|Bank Name1||Designated in 2011 as “G-SIFIs”||Designated in 2012 as “G-SIBs”||Designated in 2013 as “G-SIBs”||Basel III G-SIBs “Bucket”2||Size Rank in 100 Largest Publicly Traded Banking Companies3|
|Bank of America||yes||yes||yes||#2||10|
|Bank of China||yes||yes||yes||#1||13|
|Bank of New York Mellon||yes||yes||yes||#1||65|
|Group Credit Agricole||yes||yes||yes||#2||5|
|JP Morgan Chase||yes||yes||yes||#4||7|
|Royal Bank of Scotland||yes||yes||yes||yes|
|Sumitomo Mitsui FG||yes||yes||yes||#1||82|
|Industrial and Commercial Bank of |
Source: “Who’s in Charge of Fixing the World’s Financial System? The
Un[?]der-Appreciated Lead Role of the G20 and the FSB,” Daniel E. Nolle,
Economics Working Paper, Office of the Comptroller of the Currency
(DRAFT November 2013); “Systemically Important Banks in the Post-Crisis
Era,” by James R. Barth, Chris Brummer, Tong Li, and Daniel E. Nolle,
Milken Institute Research Report (September 2013)
- Banks in bold did not appear on the 2011 list; banks in parentheses appeared only on the 2011 list; n.i. indicates bank not included among the top 100 largest banks.
- The “bucket” calculations and applicability are defined in BCBS, Global systemically important banks: updated assessment methodology and the higher loss absorbency requirement (July 2013). Bucket numbers indicate the following required level of additional common equity loss absorbency as a percentage of risk-weighted assets that will apply to G-SIBs identified in NOVEMBER 2014, with phase-in starting in January 2016: #5=3.5%; #4=2.5%; #3=2.0%; #2=1.5%; #1=1.0%.
- There are various ways to measure bank size; see Table 4 in the Barth, Brummer, Li, and Nolle paper mentioned in the Sources note above for details on calculations behind the rankings listed in the current table.
- Not publicly traded in 2012.