JP Morgan remains biggest systemically important bank

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 61%

Ireland Headlines News

The FSB began the annual rankings after the global financial crisis over a decade ago, requiring the world's biggest lenders to hold an extra buffer of capital, calibrated across five 'buckets', and undergo tougher scrutiny of operations.

The rankings require the world's biggest lenders to hold an extra buffer of capital, calibrated across five 'buckets', and undergo tougher scrutiny of operations.

JP Morgan remains in bucket 2 - there is still nobody in the top category with most capital requirements. "The 30 banks on the list remain the same as the 2021 list. Within the list, one bank has moved to a higher bucket, Bank of America has moved from bucket 2 to bucket 3," the FSB said in a statement.China Construction Bank and BNP Paribas have moved to a lower bucket.Cross-border exposures within the European Union's banking union have been recognised in calibration of rankings this year involving European banks, the FSB said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in İE

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Viewers speechless after World Cup opening ceremony as Morgan Freeman takes partViewers speechless after World Cup opening ceremony in Qatar as Morgan Freeman takes part
Source: IrishMirror - 🏆 4. / 98 Read more »

Jeremy Clarkson says financial worries almost saw him quit his farming careerTV presenter Jeremy Clarkson - known for shows like Top Gear - runs the Diddly Squat Farm in Oxfordshire, which is the focus of the popular Amazon Prime Video documentary series Clarkson's Farm
Source: IrishMirror - 🏆 4. / 98 Read more »

On edge and fearful: the plight of Cabo Delgado’s refugeesAn international military intervention has brought signs of stability to the Mozambique province of Cabo Delgado but problems remain for refugees
Source: IrishTimes - 🏆 3. / 98 Read more »

Piers Morgan says it's 'time to admit Brexit has been a disaster' and calls for second referendum | JOE.iePiers Morgan was responding to a YouGov poll which found that 56% of people believe it was the wrong decision for Britain to leave the EU. We don’t want them back 🇪🇺 No point having another referendum Brexit is done. I suppose they could apply to join?
Source: JOEdotie - 🏆 31. / 51 Read more »

Financial advisor: Your job just gone? Here's what you should do right now to mind your moneyThere are financial steps you can take to alleviate the stress of losing a job, according to Mark O’Sullivan of Provest. Get a new one Quiting my job and becoming a recluse is what relieved all my stress. Go on the dole, stay there long term and see the state throw all kind of benefits your way
Source: thejournal_ie - 🏆 32. / 50 Read more »

Piers Morgan says it's 'time to admit Brexit has been a disaster' and calls for second referendum | JOE.ieThe TalkTV host was responding to a poll that asked people: 'In hindsight, do you think Britain was right or wrong to leave the European Union?'
Source: JOEdotie - 🏆 31. / 51 Read more »