FSB unveils list of global systemically important financial institutions

mario-draghi
Mario Draghi, new president of the ECB

The Financial Stability Board (FSB) unveiled a range of policy measures to address systemically important financial institutions (Sifis) in addition to releasing a list of 29 banks that it considers global systemically important financial institutions (G-Sifis) at the G-20 Cannes summit on November 4.

Of the 29, four banks are from Asia, with three from Japan (MUFG, Mizuho, SMFG) and one from China (Bank of China). European banks dominate the list with 17 banks, followed by eight from the US.

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