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The framework text sets out the Basel Committee's framework for dealing with domestic systemically important banks. In November 2011, the Basel Committee issued final rules for global systemically important banks (G-SIBs). The G20 leaders endorsed these rules at their November 2011 meeting and asked the Basel Committee and the Financial Stability Board to work on extending the framework to domestic systemically important banks (D-SIBs). While not all D-SIBs are significant from a global perspective, the failure of such a bank could have a much greater impact on its domestic financial system and economy than that of a non-systemic institution. Some Against this backdrop, the Basel Committee developed a set of principles on the assessment methodology and the higher loss absorbency...
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