New rules in place since 2013 aim to discourage banks from getting too large, or too indispensable to the financial system, by imposing an extra capital requirement on any "global systemically important bank" — one with more than a 1.3 percent global market share.
JPMorgan Chase, one of the world’s largest banks, is not happy. This formula is “not risk-adjusted,” it has said. Boss Jamie Dimon complained in an April letter to shareholders that “many of the calculations have no fundamental underpinning or logical justification."
Large banks unlikely to see capital relief as Basel defends its metrics
23 September 2019 9:53pm