CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank has topped the 2021 list of globally systemic banks (G-SIBs) released by the Financial Stability Board (FSB)?
A
JP Morgan Chase
B
Goldman Sachs
C
Wells Fargo
D
Morgan Stanley
Explanation: 

Detailed explanation-1: -The 2022 list of globally systemic banks (G-SIBs) is based on end-2021 data and an assessment methodology designed by the Basel Committee on Banking Supervision (BCBS), which was revised in 2018. The revised methodology is applied for the first time this year. The 30 banks on the list remain the same as the 2021 list.

Detailed explanation-2: -“State Bank of India (SBI), ICICI Bank and HDFC Bank continue to be identified as D-SIBs, under the same bucketing structure as in the 2021 list of D-SIBs, ” the RBI said in a circular.

Detailed explanation-3: -BNP Paribas has received the notification by the “Autorité de Contrôle Prudentiel et de Résolution” (ACPR), dated 18 November 2022, that the Group has been designated on the 2022 list of Global Systemically Important Banks (G-SIBs) in the bucket 2 corresponding to its score based on end-2021 data.

Detailed explanation-4: -LONDON, Nov 21 (Reuters) - JP Morgan remains the world’s most systemically important bank according to the latest rankings from the G20’s Financial Stability Board published on Monday.

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