December 16, 2024 (NO COMMENTS)

The US Federal Reserve’s methodology for scoring global systemically important banks (G-Sibs) will push capital requirements for Bank of America and Goldman Sachs even further above Basel standards in 2026, likely intensifying calls to reform it.

Once designated as G-Sibs by the Financial Stability Board (FSB) under the Basel Committee on Banking Supervision’s methodology, US banks are subject to two scoring processes. The BCBS-prescribed method 1 benchmarks risk indicators against global totals