Global regulators will publish a list of 28 too-big-to-fail banks that must hold additional capital, one less than the 29 identified last year, Bloomberg News reported today. The list will be published today in advance of a Nov. 4 meeting in Mexico of finance officials from the world’s biggest economies. The Financial Stability Board last year published a list of 29 banks that should hold more capital than required by other international agreements because of their importance to the global financial system. Citigroup Inc., JPMorgan Chase & Co., BNP Paribas SA, Royal Bank of Scotland Group Plc, and HSBC Holdings Plc were provisionally earmarked to face the top level of surcharges, set at 2.5 percent of risk-weighted assets. The most likely bank to drop off the updated list is Dexia SA, the Franco-Belgian lender that is being broken up after losing access to unsecured funding, Karel Lannoo, chief executive officer of the Centre for European Policy Studies in Brussels, said last month.
