Global Systemically Important Financial Institutions (G-SIFIs)
The FSB, in consultation with the Basel Committee on Banking Supervision (BCBS) and national authorities, has identified global systemically important banks (G-SIBs) since 2011. The list of G-SIBs is divided into ‘buckets’ corresponding to required level of additional loss absorbency. The list of G-SIBs is updated annually each November, together with information on the application of policy measures to G-SIBs under the integrated set of policy measures to address the systemic and moral hazard risks associated with systemically important financial institutions published by the FSB in 2011.
BCBS publishes the methodology for assessing and identifying G-SIBs.
The FSB, in consultation with the International Association of Insurance Supervisors (IAIS) and national authorities, began identifying global systemically important insurers (G-SIIs) in 2013. In November 2019 in light of the finalised holistic framework, the FSB, in consultation with the IAIS and national authorities, suspended G-SII identification as from the beginning of 2020. In November 2022, the FSB will, based on the initial years of implementation of the holistic framework, review the need to either discontinue or re-establish an annual identification of G-SIIs by the FSB in consultation with the IAIS and national authorities.
Links to G-SIB and G-SII communications are set out on the left below. Alternatively use the query function on the right to generate G-SIB lists.