Top US banks have become less of a systemic risk, says FSB
JP Morgan relegated as the world’s most systemically important lender
The Financial Stability Board (FSB) downgraded the threat posed by JP Morgan, Goldman Sachs and Wells Fargo to the global financial system in its latest assessment of too-big-to-fail firms.
Global systemically important banks (G-Sibs) are sorted into one of five buckets by the FSB using an assessment framework cooked up by the Basel Committee on Banking Supervision. Each bucket has its own corresponding systemic risk capital add-on. The larger a bank’s systemic footprint, the larger its
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