LONDON, Nov 3 (Reuters) - The Financial Stability Board,which coordinates financial regulation worldwide, said it hadadded China Construction Bank to its list of global,systemically important banks who must hold extra capital due totheir significance.
The FSB said on Tuesday it had removed Spain's BBVA from its list of about 30 top global banks, known as"G-SIBs". The FSB updates the list annually, to reflect thesize, interconnectedness and complexity of major banks.
The FSB reduced the capital surcharge imposed on Britain'sRoyal Bank of Scotland to 1 percentage point, from 1.5percent last year. China Construction Bank is also in the bottom"bucket" requiring it to hold 1 percentage point extra capital.It did not make any other changes to the list.
HSBC and JPMorgan remain the only two banksin the upper "bucket", requiring them to hold an extra 2.5percentage points of capital. (Reporting by Steve Slater; Editing by Matt Scuffham)