JP Morgan named world’s most systemic bank: FSB

JP Morgan Chase has topped the 2021 list of globally systemic banks (G-SIBs) released by the Financial Stability Board (FSB).

The updated G-Sib list, published on November 23 by the Financial Stability Board, saw JP Morgan rise to the fourth ‘bucket’, implying a capital surcharge of 2.5% of risk-weighted assets. It is the only bank in the bucket. The fifth and highest bucket, with a capital surcharge of 3.

In total 30 banks have been identified as globally systemic banks (G-SIBs) by FSB. These 30 banks are divided into four “buckets”.