Regulators list systemic risk institutions: report

<div><p>LONDON (Reuters) - Thirty global financial institutions have been selected for cross-border supervision exercises by regulators, the Financial Times reported on Monday.</p><p>Compiled under the guidance of the Financial Stability Board (FSB), an international body of regulators and central bankers, the list is part of an effort to pre-empt the spread of systemic risks in the event of a future financial crisis.</p><p>Those featuring in the list will also be asked to write so-called "living wills" that outline plans to wind up banks in the aftermath of a crisis.</p><p>The FSB was established in the summer of 2009 to address the dangers posed by systemically-important, cross-border financial institutions through better supervision and co-ordination.</p><p>The list in full, as cited by the FT:</p><p>North American banks:</p><p>Goldman Sachs <GS.N>, JP Morgan Chase <JPM.N>, Morgan Stanley <MS.N>, Bank of America-Merrill Lynch <BAC.N>, Royal Bank of Canada <RY.TO></p><p>UK banks:</p><p>HSBC <HSBA.L>, Barclays <BARC.L>, Royal Bank of Scotland <RBS.L>, Standard Chartered <STAN.L></p><p>European banks:</p><p>UBS <UBSN.VX>, Credit Suisse <CSGN.VX>, Societe General <SOGN.PA>, BNP Paribas <BNPP.PA>, Santander <SAN.MC>, BBVA <BBVA.MC>, Unicredit <CRDI.MI>, Banca Intesa, Deutsche Bank <DBKGn.DE>, ING <ING.AS></p><p>Japanese banks:</p><p>Mizuho <8411.T>, Sumitomo Mitsui <8316.T>, Nomura <8604.T>, Mitsubishi UFJ <8306.T></p><p>Insurers:</p><p>AXA <AXA.PA>, Aegon <AEGN.AS>, Allianz <ALVG.DE>, Aviva <AV.l>, Zurich <ZURN.VX> and Swiss Re <RUKN.VX></p><p>(Reporting by William James; Editing by Diane Craft)</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=64456980&bid=informcom" /></div><div id="copyright"><div>


Copyright 2009  <a href="http://www.reuters.com/finance">Reuters US Online Report Business News</a></div></div>


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