Europe

Global Systemically Important Banks (G-SIBs) are determined based on four main criteria: (a) size, (b) cross-jurisdiction activity, (c) complexity, and (d) substitutability. The list of G-SIBs is published annually by the Financial Stability Board (FSB). The G-SIBs must maintain a higher capital level – capital surcharge – compared to other banks.

In November 2021,[10] the FSB updated the list of G-SIBs, and the following banks were included: Agricultural Bank of China, Banco Bilbao Vizcaya Argentaria, S.A., Banco Santander, S.A., Bank of America, Bank of China, Bank of New York Mellon, Barclays, BNP Paribas, China Construction Bank, Citigroup, Crédit Agricole Group, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs, Groupe BPCE, HSBC Holdings plc, Industrial and Commercial Bank of China Limited, ING Bank, JPMorgan Chase, Mitsubishi UFJ Financial Group, Inc, Mizuho Financial Group, Inc., Morgan Stanley, Nordea Bank Abp, Royal Bank of Canada, Royal Bank of Scotland plc, Société Générale S.A., Standard Chartered plc, State Street, Sumitomo Mitsui Banking Corporation Group, UBS Group AG, UniCredit S.p.A., Wells Fargo.