G-SIB Framework: Cut-off score and bucket thresholds
The cut-off score used for the end-2012 G-SIB exercise was 130bps and the bucket sizes were 100bps. The resulting bucket thresholds are set out in the table below.
To be maintained at least until first three year review
|Bucket 5 (+3.5% CET1)||530-629|
|Bucket 4 (+2.5% CET1)||430-529|
|Bucket 3 (+2.0% CET1)||330-429|
|Bucket 2 (+1.5% CET1)||230-329|
|Bucket 1 (+1.0% CET1)||130-229|
It should be noted that banks' scores are an average of the five category subscores with substitutability/infrastructure capped at 500 bps, and that these scores are rounded to the nearest whole basis point before banks are allocated to buckets. The bucket thresholds above, together with the cap, will remain fixed for at least the end-2013, end-2014 and end-2015 G-SIB assessments.
For further explanation of the buckets, see Global systemically important banks: updated assessment methodology and the higher loss absorbency requirement (July 2013)