The Financial Stability Board (FSB) has released its 2025 list of global systemically important banks (G-SIBs), maintaining the number at 29 institutions. The assessment, which uses end-2024 data and the methodology set by the Basel Committee on Banking Supervision (BCBS), reflects changes in how some banks are categorized based on their activities.
According to the FSB, Bank of America and Industrial and Commercial Bank of China have moved from bucket 2 to bucket 3, meaning they will face higher capital requirements. Deutsche Bank has shifted from bucket 2 to bucket 1, resulting in a lower capital requirement. These adjustments are attributed mainly to changes in the complexity of each bank's operations.
The FSB outlined several ongoing requirements for G-SIBs. These include higher capital buffers allocated according to each bank’s assigned bucket, with the new requirements taking effect on January 1, 2027. G-SIBs must also comply with Total Loss-Absorbing Capacity (TLAC) standards alongside Basel III regulatory capital rules.
Other obligations involve group-wide resolution planning and regular resolvability assessments through the FSB Resolvability Assessment Process (RAP). There are also heightened supervisory expectations covering risk management functions, risk data aggregation capabilities, risk governance, and internal controls.
The BCBS published updated materials related to G-SIB identification, including new denominators for score calculations, thresholds for bucket allocation, values for thirteen high-level indicators across all assessed banks, and an updated interactive dashboard.
A new list is expected in November 2026.
The FSB brings together national authorities responsible for financial stability from 24 countries and jurisdictions as well as international financial institutions and sector-specific groups. It is chaired by Andrew Bailey, Governor of the Bank of England. The Secretariat is located in Basel, Switzerland and hosted by the Bank for International Settlements.