JP Morgan becomes world's most systemic bank

• 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)