International regulators said Nov. 4 that 29 firms would be considered systemically important to the world economy and face a capital surcharge of between 1% to 2.5%.

The much-anticipated report by the Basel Committee on Banking Supervision offered details on how it arrived at its designations. The announcement also put to rest rumors that the panel was considering naming around 50 banks as global systemically important financial institutions or G-SIFIs.

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