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Basel Committee has new acronym in its sights

Global regulators add G-SIBs, or global systemically important banks, to the ever-growing jungle of regulatory jargon

The Basel Committee on Banking Supervision has identified 28 global systemically important banks, or G-SIBs, whose failure could threaten the world's economy, according to a consultative document released this week in which it laid out its methodology for identifying them.

The names of the banks affected were not revealed, and the Committee noted that the list was "likely to evolve over time as banks change their behaviour in response to the incentives of the G-SIB framework".

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