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JP Morgan becomes world’s most systemic bank -Breaking

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© Reuters. FILE PHOTO: A sign outside JP Morgan Chase & Co. offices is seen in New York City, U.S., March 29, 2021. REUTERS/Brendan McDermid/File Photo

LONDON (Reuters). JP Morgan Chase According to global regulators’ latest annual rankings of top banks, (NYSE:), has once more become the most important system bank in the world. BNP Paribas and Goldman Sachs are also now considered systemic.

On Tuesday, the Financial Stability Board (FSB) was formed from regulators representing G20 nations and published its most recent table on 30 of the most systemic banks in the world.

To avoid another taxpayer bailout in the bank crisis of a decade past, you will need to have additional capital as well as more intensive supervision.

In real life, most lenders have capital buffers above FSB.

In order to determine how complex and interconnected they are, the 30 banks are broken up into four “buckets”, with JP Morgan in a larger bucket than its close peers.

JPMorgan was the joint winner of the largest bucket in 2008 with HSBC. Citigroup (NYSE) and is currently the sole member of the following bucket, which was previously empty. JP Morgan in 2019 was the world’s largest systemic bank.

BNP Paribas, Goldman Sachs and Goldman Sachs also moved one bucket up.

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