{"id":4803,"date":"2023-11-27T13:43:30","date_gmt":"2023-11-27T11:43:30","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=4803"},"modified":"2023-11-27T13:43:30","modified_gmt":"2023-11-27T11:43:30","slug":"global-bank-ranking-removes-unicredit-and-moves-up-ubs-china-banks","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=4803","title":{"rendered":"Global bank ranking removes Unicredit and moves up UBS, China banks"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">ZURICH, Nov 27 (Reuters) &#8211; The Financial Stability Board (FSB) on Monday removed Italy&#8217;s UniCredit (CRDI.MI) from the list of global systemically important banks and moved three banks, including Switzerland&#8217;s UBS (UBSG.S), up a bucket.<br \/>The G20&#8217;s FSB began the annual rankings after the global financial crisis, requiring the world&#8217;s biggest lenders to hold an extra buffer of capital, calibrated across five so-called buckets, and to undergo tougher scrutiny of their operations.<\/p>\n<p>UniCredit, which was the only lender in Italy among those deemed as being of global systemic importance by the FSB, had no comment.<br \/>Along with UniCredit, Credit Suisse was removed from the list and China&#8217;s Bank of Communications (601328.SS) was added for the first time bringing the total number of banks down from 30 in 2022 to 29.<br \/>UBS moved up a bucket after earlier this year taking over Credit Suisse in the first merger of two systemically important banks.<\/p>\n<p>Agricultural Bank of China and China Construction Bank also moved up from bucket 1 to bucket 2.<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>ZURICH, Nov 27 (Reuters) &#8211; The Financial Stability Board (FSB) on Monday removed Italy&#8217;s UniCredit (CRDI.MI) from the list of global systemically important banks and moved three banks, including Switzerland&#8217;s UBS (UBSG.S), up a bucket.The G20&#8217;s FSB began the annual rankings after the global financial crisis, requiring the world&#8217;s biggest lenders to hold an extra [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-4803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4803"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/4804"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}