REVEALED: The 29 Global Megabanks That Are Systemically Important And Too Big To Fail

too big to fail

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The G20’s enforcement agency found that 29 banks globally are too big to fail.It published a long-awaited list of “systemically important” banks Friday. Banks on the list will have to cooperate with regulations imposed by the agency as well as the Basel Committee of Banking Supervision.

Here are some of those new rules (via WSJ):

– By the end of 2012, all banks will have to map out a plan to unwind their businesses in the case of a collapse.

– By 2016 they have to hold more capital than other banks. They’ll be sorted into five different “buckets,” based on which they’ll be required to maintain 1%-3.5% more capital than less significant banks.

– By 2019, that capital requirement will be an added 3.5% on top of other regulations.

The list will be updated every November and the methodology to choose the banks will be reviewed every three years.

Bank of America

Headquarters: United States

Market capitalisation: $70 billion

1-year Return: -45.88%

Total Assets (Sept. 2011): $2,220 billion

Source: Bloomberg

Bank of New York Mellon

Headquarters: United States

Market capitalisation: $25 billion

1-year Return: -20.52%

Total Assets (Sept. 2011): $322 billion

Source: Bloomberg

Citigroup

Headquarters: United States

Market capitalisation: $88 billion

1-year Return: -30.43%

Total Assets (Sept. 2011): $1,936 billion

Source: Bloomberg

Goldman Sachs

Headquarters: United States

Market capitalisation: $55 billion

1-year Return: -36.52%

Total Assets (June 2011): $937 billion

Source: Bloomberg

J.P. Morgan

Headquarters: United States

Market capitalisation: $134 billion

1-year Return: -11.81%

Total Assets (Sept. 2011): $2,289 billion

Source: Bloomberg

Morgan Stanley

Headquarters: United States

Market capitalisation: $32 billion

1-year Return: -37.39%

Total Assets (June 2011): $831 billion

Source: Bloomberg

State Street

Headquarters: United States

Market capitalisation: $20 billion

1-year Return: -7.81%

Total Assets (Sept. 2011): $208 billion

Source: Bloomberg

Wells Fargo

Headquarters: United States

Market capitalisation: $134 billion

1-year Return: -5.77%

Total Assets (Sept. 2011): $1,305 billion

Source: Bloomberg

Royal Bank of Scotland

Headquarters: United Kingdom

Market capitalisation: $41 billion

1-year Return: -51.95%

Total Assets (Sept. 2011): $1,608 billion

Source: Bloomberg

Lloyds Banking Group

Headquarters: United Kingdom

Market capitalisation: $32 billion

1-year Return: -59.74%

Total Assets (Sept. 2011): $979 billion

Source: Bloomberg

Barclay's

Headquarters: United Kingdom

Market capitalisation: $36 billion

1-year Return: -36.42%

Total Assets (June 2011): $1,492 billion

Source: Bloomberg

HSBC Holdings

Headquarters: United Kingdom

Market capitalisation: $155 billion

1-year Return: -20.59%

Total Assets (June 2011): $2,691 billion

Source: Bloomberg

Credit Agricole

Headquarters: France

Market capitalisation: $18 billion

1-year Return: -57.36%

Total Assets (June 2011): $1,594 billion

Source: Bloomberg

BNP Paribas

Headquarters: France

Market capitalisation: $51 billion

1-year Return: -42.57%

Total Assets (Sept. 2011): $1,926 billion

Source: Bloomberg

Banque Populaire

Headquarters: France

Total Assets (Dec. 2010): $407 billion

Source: European Banking Authority

Societe Generale

Headquarters: France

Market capitalisation: $19 billion

1-year Return: -60.14%

Total Assets (June 2011): $1,158 billion

Source: Bloomberg

Deutsche Bank

Headquarters: Germany

Market capitalisation: $36 billion

1-year Return: -32.73%

Total Assets (Sept. 2011): $2,282 billion

Source: Bloomberg

Commerzbank

Headquarters: Germany

Market capitalisation: $11 billion

1-year Return: -67.22%

Total Assets (Sept. 2011): $738 billion

Source: Bloomberg

Unicredit Group

Headquarters: Italy

Market capitalisation: $21 billion

1-year Return: -56.94%

Total Assets (Sept. 2011): $1,266 billion

Source: Bloomberg

UBS

Headquarters: Switzerland

Market capitalisation: $48 billion

1-year Return: -30.64%

Total Assets (Sept. 2011): $1,447 billion

Source: Bloomberg

Credit Suisse

Headquarters: Switzerland

Market capitalisation: $32 billion

1-year Return: -38.07%

Total Assets (Sept. 2011): $1,062 billion

Source: Bloomberg

Dexia

Headquarters: Belgium

Market capitalisation: $1.15 billion

1-year Return: -86.15%

Total Assets (June 2011): $518 billion

Source: Bloomberg

ING Groep

Headquarters: The Netherlands

Market capitalisation: $32 billion

1-year Return: -26.06%

Total Assets (Sept. 2011): $1,282 billion

Source: Bloomberg

Banco Santander

Headquarters: Spain

Market capitalisation: $69 billion

1-year Return: -30.67%

Total Assets (Sept. 2011): $1,250

Source: Bloomberg

Nordea

Headquarters: Sweden

Market capitalisation: $34 billion

1-year Return: -17.43%

Total Assets (Sept. 2011): $924 billion

Source: Bloomberg

Mitsubishi UFJ

Headquarters: Japan

Market capitalisation: $60 billion

1-year Return: -7.99%

Total Assets (June 2011): $206,196 billion

Source: Bloomberg

Mizuho FG

Headquarters: Japan

Market capitalisation: $33 billion

1-year Return: -1.46%

Total Assets (June 2011): $156,507 billion

Source: Bloomberg

Sumitomo Mitsui FG

Headquarters: Japan

Market capitalisation: $39 billion

1-year Return: -7.39%

Total Assets (June 2011): $133,163 billion

Source: Bloomberg

Bank of China

Headquarters: China

Market capitalisation: $959 billion

1-year Return: -40.65%

Total Assets (Sept. 2011): $11,530 billion

Source: Bloomberg

Banks aren't the only ones you have to watch out for.

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