The list of systemically important financial institutions that would be subject to the proposal isn't public, but it is widely expected that JP Morgan Chase, Bank of America, Barclays, Deutsche Bank, UBS and HSBC are among those on it. The surcharge would kick in gradually between 2016 and 2019.
US watchdogs are in favour of changes that would make the formula for deciding which banks qualify for the additional capital ratio more transparent and simpler, so that bankers can see what the surcharge would be ahead of time.
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