Updated Methodology and the Higher Loss Absorbency Requirement

This document updates and replaces the November 2011 publication Global systemically important banks: assessment methodology and the additional loss absorbency requirement. Below is a summary of the main changes relative to that publication. These changes reflect the lessons learnt from applying the assessment methodology using data submitted by banks in respect of their positions as at the financial year-ends 2009 to 2011. The changes also include the addition of the disclosures that banks are required to make to ensure that the assessment methodology operates on the basis of publicly available information.