Daily Current Affairs 2024, Date wise Current Affairs | Current Affairs in English and Hindi

Get the Daily and Latest Current Affairs 2024 on our website. These current affairs are Updated by our specialists and are relevant for all competitive tests UPSC, SSC, IAS, Railway-RRB, UPPSC, and Other State Government and Central Jobs/Exams.


JP Morgan becomes world's most systemic bank

Category : Business and economics
Published on: November 25 2021 Share on facebook

  • 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)
Recent Post's
  • India actively participated in the 2nd Employment Working Group Meeting at Brasilia during the G20 summit.

    Read More....
  • Justice Ritu Raj Awasthi has been sworn in as a judicial member of the Lokpal.

    Read More....
  • The Government of India has granted permission to ADNOC (Abu Dhabi National Oil Company) to re-export crude oil from the Mangalore Strategic Petroleum Reserve.

    Read More....
  • The Competition Commission of India (CCI) has given approval for the acquisition of Lanco Amarkantak Power Ltd by Adani Power.

    Read More....
  • Saudi Arabia to participate in Miss Universe event in historic first.

    Read More....
  • The Army Commanders' Conference is scheduled to commence in Delhi on March 28th.

    Read More....
  • Haryana emerged as champions at the boxing Sub Junior National Championship.

    Read More....
  • ASI initiates excavation in Panna, Madhya Pradesh to unveil India's oldest temple.

    Read More....
  • NTPC has signed an agreement with a Japanese agency for a USD 200 million loan.

    Read More....
  • Indian Institute of Technology Guwahati (IIT Guwahati) transferred a vaccine technology to BioMed Pvt. Ltd, a vaccine manufacturing company.

    Read More....