G-SIBs Must ‘Hold Substantially More Capital’ Or ‘Shrink’ Says Yellen
The Federal Reserve has finalized its rule for identifying global systemically important banks (G-SIBS) and it expects eight US banks to have G-SIB capital surcharges ranging from 1.0% to 4.5% once the rule is fully implemented in 2019. If the rule were to be implemented immediately Bank of America, The Bank of New York Mellon, Citigroup, Goldman Sachs, JP Morgan Chase, Morgan Stanley, State Street and Wells Fargo would all be designated as G-SIBs, with no other US bank coming particularly close.
“In . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible