LONDON Nov 11 JP Morgan and HSBC
topped the list of the world's top 29 banks that must
hold extra capital from 2016 because of their size and reach,
the Financial Stability Board said on Monday.
The two banks are in the top "bucket" and will have to hold
an extra 2.5 percent of risk-weighted core capital on top of the
7 percent minimum all banks across the world must hold by 2019
under the Basel III accord.
The FSB was publishing an annual update of its list of
globally systemic banks with no bank occupying the top "bucket"
with a 3.5 percent capital buffer.
Next year's list from the FSB in November will determine
which banks will actually have to comply with the new surcharge
rule from 2016.
Barclays, BNP Paribas, Citigroup and Deutsche Bank have been
placed into the 2 percent surcharge bucket -- the latter two
dropping from the 2.5 percent band last year.
Bank of America, Credit Suisse, Goldman Sachs, Credit
Agricole, Mitsubishi UFJ, Morgan Stanley and Royal Bank of
Scotland and UBS face a 1.5 percent surcharge.
The following banks were listed under the 1 percent
surcharge "bucket": Bank of China, Bank of New York Mellon,
BBVA, Groupe BPCE, Industry and Commercial Bank of China, ING,
Mizuho, Nordea, Santander, Societe Generale, Standard Chartered,
State Street, Sumitomo Mitsui, Unicredit and Wells Fargo.