[M T]

You're prescient, 82 Card. BofA was just moved down a notch on the "too big to fail" list, dropping to category three on the Financial Stability Board (FSB -- not FASB) list.

Bank Of America Down A Notch On 'Too Big To Fail' List | Barron's

I do not like trying to figure out stuff from a news report rather than going to the source.
FSB 2024 List of Global Systemically Important Banks (G-SIBs)
It appears that the move from bucket 3 to bucket 2 (Mick stated "to category three" ??) reduces the FSB requirement for capital buffer
and maybe a reduction in the CET1 capital requirements.
But in
FRB 2024 Large Bank Capital Requirements
I can not understand the mapping from FSB's G-SIB buckets to the FRB G-SIB Surcharges.
As of 1-Oct, FRB G-SIB Surcharge was 3.0% for BofA, Goldman Sachs, and Morgan Stanley, while the FSB G-SIB buckets were 3 (before moving to bucket 2), 2, and 1 respectively.

[M T]

You're prescient, 82 Card. BofA was just moved down a notch on the "too big to fail" list, dropping to category three on the Financial Stability Board (FSB -- not FASB) list.

Bank Of America Down A Notch On 'Too Big To Fail' List | Barron's

I do not like trying to figure out stuff from a news report rather than going to the source.
FSB 2024 List of Global Systemically Important Banks (G-SIBs)
It appears that the move from bucket 3 to bucket 2 (Mick stated "to category three" ??) reduces the FSB requirement for capital buffer
and maybe a reduction in the CET1 capital requirements.
But in
FRB 2024 Large Bank Capital Requirements
I can not understand the mapping from FSB's G-SIB buckets to the FRB G-SIB Surcharges.
As of 1-Oct, FRB G-SIB Surcharge was 3.0% for BofA, Goldman Sachs, and Morgan Stanley, while the FSB G-SIB buckets were 3 (before moving to bucket 2), 2, and 1 respectively.