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The
G20's FSB began the annual rankings after the global financial
crisis, requiring the world's biggest lenders to hold an extra
buffer of capital, calibrated across five so-called buckets, and
to undergo tougher scrutiny of their operations.
UniCredit, which was the only lender in Italy among those deemed
as being of global systemic importance by the FSB, had no
comment.
Along with UniCredit, Credit Suisse was removed from the list
and China's Bank of Communications was added for the first time
bringing the total number of banks down from 30 in 2022 to 29.
UBS moved up a bucket after earlier this year taking over Credit
Suisse in the first merger of two systemically important banks.
Agricultural Bank of China and China Construction Bank also
moved up from bucket 1 to bucket 2.
(Reporting by Noele Illien and Giulio Piovaccari, Editing by
Louise Heavens and Sharon Singleton)
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