JP Morgan becomes world's most systemic bank

JP Morgan becomes world's most systemic bank

Daily Current Affairs / JP Morgan becomes world's most systemic bank

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Category : Business and economics Published on: November 25 2021

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JPMorgan Chase has been named the world's most important bank to the health of the global financial system for the third time in a row.
The FSB has designated 30 banks as globally systemic banks (G-SIBs). These 30 banks are divided into four "buckets."
The Financial Stability Board (FSB), which is comprised of G20 regulators, has released its most recent table of the world's 30 most systemic banks.
In 2019, JP Morgan was also the most systemically important bank in the world.

Important Takeaways

About FSB

FSB: The Financial Stability Board
The Financial Stability Board is an international organisation that monitors and advises on the global financial system.
It was established in April 2009 as a successor to the Financial Stability Forum following the G20 London summit.
Headquarters: Basel, Switzerland
Founded: April 2009
Old Name: Financial Stability Forum (FSF)

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