Custodians could face higher Basel G-Sib surcharges
Data shows removal of cap on substitutability in revised methodology would hit four banks
Global banks with large asset custodian businesses may face higher capital requirements if the Basel Committee’s systemic bank assessment methodology, currently under a routine review, is changed in an effort to reflect systemic risk more accurately.
BNY Mellon, Citigroup, JP Morgan and State Street would be the most affected if the cap on one of five categories in the methodology –
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