Global Systemically Important Banks ( G-SIBs ) - 2025

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The Financial Stability Board (FSB), in consultation with the Basel Committee on Banking Supervision (BCBS) and national authorities, has identified the 2025 list of global systemically important banks (G-SIBs).

The list for 2025 includes 29 G-SIBs, the same banks as in the 2024 list but with different allocation of the banks to buckets (see Annex).

FSB member authorities apply the following requirements to G-SIBs:

■ Higher capital buffer: Since the November 2012 update, the G-SIBs have been allocated to buckets corresponding to higher capital buffers that they are required to hold by national authorities in accordance with international standards.5 The capital buffer requirements for the G-SIBs identified in the annual update each November will apply to them as from January fourteen months later.6 The assignment of G-SIBs to the buckets, in the list published today, therefore determines the higher capital buffer requirements that will apply to each G-SIB from 1 January 2027.

■ Total Loss-Absorbing Capacity (TLAC): G-SIBs are required to meet the TLAC standard, alongside the regulatory capital requirements set out in the Basel III framework. The TLAC standard began being phased-in from 1 January 2019.

■ Resolvability: These requirements include group-wide resolution planning and regular resolvability assessments. The resolvability of each G-SIB is reviewed in the FSB Resolvability Assessment Process (RAP) by senior regulators within the firms’ Crisis Management Groups.

 ■ Higher supervisory expectations: These requirements include supervisory expectations for risk management functions, risk data aggregation capabilities, risk governance and internal controls.

Criteria followed by FSB to classify G-SIBs:

The methodology gives an equal weight of 20% to each of five categories of systemic importance, which are: size, cross-jurisdictional activity, interconnectedness, substitutability/financial institution infrastructure and complexity. With the exception of the size category, the Committee has identified multiple indicators in each of the categories, with each indicator equally weighted within its category, except for the substitutability category.

Following is the list of G-SIBs 2025

Bucket

G-SIB

5 (3.50%)

(Empty)

4 (2.50%)

JP Morgan Chase

3 (2.00%)

Bank of America

Citigroup

HSBC

Industrial and Commercial Bank of China

2 (1.50%)

Agricultural Bank of China

Bank of China

Barclays

BNP Paribas

China Construction Bank

Goldman Sachs

Groupe Crédit Agricole

Mitsubishi UFJ FG

UBS

1 (1.00%)

Bank of Communications (BoCom)

Bank of New York Mellon

Deutsche Bank

Groupe BPCE

ING

Mizuho FG

Morgan Stanley

Royal Bank of Canada

Santander

Société Générale

Standard Chartered

State Street

Sumitomo Mitsui FG

Toronto Dominion

Wells Fargo

" 2025 List of Global Systemically Important Banks (G-SIBs) " - Financial Stability Board

Assessment Criteria:

SCO40 - Global Systemically Important Banks ( G-SIBs )

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