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Per https://www.fsb.org/wp-content/uploads/P211122.pdf https://www.fsb.org/wp-content/uploads/P211122.pdf the only Tier 4 bank is US based but _plenty_ of other
by dividedcomet 3y ago
Per https://www.fsb.org/wp-content/uploads/P211122.pdf https://www.fsb.org/wp-content/uploads/P211122.pdf the only Tier 4 bank is US based but _plenty_ of other banks around the world are systemically important. Is the US overly represented? Sure. But I’d also imagine they are more interconnected to the global financial system than other world wide banks