The enforcement agency for financial stability of the Group of 20 industrial and developing nations Friday published the long-awaited list of those banks it will force to hold more capital because of their importance to the global financial system.
The list of Globally Systemically Important Financial Institutions is very much as had been expected, with 17 European banks, eight U.S. ones, three Japanese and one Chinese on it. Two large European banks, Spain’s Banco Bilbao Vizcaria Argentaria SA and Italy’s Intesa Sanpaolo SpA, that some expected may be on the list were left off, largely due to their concentration of activities in their home markets.
