LONDON, Nov 21 (Reuters) - Citi joined JPMorgan as the world's most systemically important banks,replacing HSBC in a group of 30 lenders who must holdextra capital from 2019 to preserve financial stability.
The group of 20 economies (G20) agreed after the 2007-09financial crisis that top lenders, whose size and complexitymeans that a collapse could wreak havoc in markets, should holdextra capital, according to the level of risk they present.
In the annual update of rankings published on Monday by theFinancial Stability Board (FSB), Citi has replaced HSBC in thetop "bucket" of a 2.5 percent capital surcharge on top of theglobal minimum requirements.
HSBC joins Bank of America, BNP Paribas and Deutsche Bank in the next category down, with asurcharge of 2 percent.
The FSB, a G20 regulatory task force, also updated its listof 9 globally systemically important insurers, which wasunchanged from last year. (Reporting by Huw Jones, editing by Carolyn Cohn)