JPM, BNP Paribas and Goldman hit with higher capital surcharges
Banks slapped with extra 50 basis points of capital add-on
JP Morgan, BNP Paribas and Goldman Sachs increased their systemic footprint enough in 2020 to incur higher capital surcharges, the Financial Stability Board (FSB) announced today (November 23).
While the regulatory body made no changes to the current list of the 30 global systemically important banks (G-Sib), it moved the three banks to higher surcharge buckets – a sign the dealers now pose a higher systemic risk.
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