LONDON, Nov 11 (Reuters) - JP Morgan and HSBC topped the list of the world's top 29 banks that musthold extra capital from 2016 because of their size and reach,the Financial Stability Board said on Monday.
The two banks are in the top "bucket" and will have to holdan extra 2.5 percent of risk-weighted core capital on top of the7 percent minimum all banks across the world must hold by 2019under the Basel III accord.
The FSB was publishing an annual update of its list ofglobally systemic banks with no bank occupying the top "bucket"with a 3.5 percent capital buffer.
Next year's list from the FSB in November will determinewhich banks will actually have to comply with the new surchargerule from 2016.
Barclays, BNP Paribas, Citigroup and Deutsche Bank have beenplaced into the 2 percent surcharge bucket -- the latter twodropping from the 2.5 percent band last year.
Bank of America, Credit Suisse, Goldman Sachs, CreditAgricole, Mitsubishi UFJ, Morgan Stanley and Royal Bank ofScotland and UBS face a 1.5 percent surcharge.
The following banks were listed under the 1 percentsurcharge "bucket": Bank of China, Bank of New York Mellon,BBVA, Groupe BPCE, Industry and Commercial Bank of China, ING,Mizuho, Nordea, Santander, Societe Generale, Standard Chartered,State Street, Sumitomo Mitsui, Unicredit and Wells Fargo.