Bloomberg reports that The Financial Stability Board is scheduled to agree on an update of the list at a meeting later this week in Tokyo, according to the people, who asked not to be identified because the talks aren’t public. The list may be revised because the potential failure of some of the lenders is no longer deemed to pose a threat to the world economy and because others have restructured, the people said.
The FSB last year published a list of 29 so-called globally systemic banks that should have to hold more capital than required by other international agreements. Citigroup Inc. (C),JPMorgan Chase & Co. (JPM), BNP Paribas SA (BNP), Royal Bank of Scotland Group Plc (RBS), and HSBC Holdings Plc (HSBA) were provisionally earmarked to face the top level of surcharges, set at 2.5 percent of risk-weighted assets.
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