The Financial Stability Board (FSB) has published its 2025 list of global systemically important banks (G-SIBs), using end-2024 data and the Basel Committee on Banking Supervision (BCBS) assessment methodology. The list remains unchanged at 29 banks, with no additions or removals, but three firms moved between systemic importance buckets. Bank of America and Industrial and Commercial Bank of China moved from bucket 2 to bucket 3, implying higher capital buffer requirements, while Deutsche Bank moved from bucket 2 to bucket 1, implying a lower capital buffer requirement. The FSB noted that the bucket re-allocations largely reflect changes in the complexity of banks’ underlying activities. The higher capital buffer requirements based on the 2025 list will be effective from 1 January 2027; G-SIBs are also subject to Total Loss-Absorbing Capacity (TLAC) requirements, group-wide resolution planning and resolvability assessments via the FSB Resolvability Assessment Process, and higher supervisory expectations for risk management, risk data aggregation, risk governance and internal controls. The BCBS also published related identification materials, including updated denominators, bucket thresholds and indicator values for the assessment sample, and updated its interactive G-SIB dashboard. The next G-SIB list is scheduled for publication in November 2026.

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