dict ional ) ▁activity . ▁In ▁some ▁cases , ▁the ▁assess ments ▁of ▁exper ts , ▁independent ▁of ▁the ▁indic ators , ▁will ▁be ▁able ▁to ▁move ▁an ▁institution ▁into ▁the ▁SI FI ▁category ▁or ▁remove ▁it ▁from ▁SI FI ▁status . ▁ ▁B anks ▁ ▁Asia ▁B anks ▁in ▁Japan ▁de emed ▁system ically ▁important ▁are ▁stress ▁tested ▁by ▁the ▁International ▁Mon et ary ▁Fund ▁( IM F ). ▁B anks ▁in ▁China ▁are ▁mostly ▁state ▁run ▁and ▁are ▁stress ▁tested ▁by ▁the ▁national ▁bank ing ▁authority . ▁ ▁European ▁Union ▁and ▁Switzerland ▁Global ▁System ically ▁Import ant ▁B anks ▁( G - SI B s ) ▁are ▁determined ▁based ▁on ▁four ▁main ▁criteria : ▁( a ) ▁size , ▁( b ) ▁cross - j ur is diction ▁activity , ▁( c ) ▁complexity , ▁and ▁( d ) ▁subst itut ability . ▁The ▁list ▁of ▁G - SI B s ▁is ▁published ▁ann ually ▁by ▁the ▁Fin an cial ▁St ability ▁Board ▁( F SB ). ▁The ▁G - SI B s ▁must ▁maintain ▁a ▁higher ▁capital ▁level ▁– ▁capital ▁sur charge ▁– ▁compared ▁to ▁other ▁banks . ▁ ▁In ▁November ▁ 2 0 1 3 , ▁the ▁F SB ▁updated ▁the ▁list ▁of ▁G - SI B s , ▁and ▁the ▁following ▁banks ▁were ▁included : ▁Bank ▁of ▁America , ▁Bank ▁of ▁China , ▁Bank ▁of ▁New ▁York ▁M ell on , ▁Bar cl ays , ▁BB VA , ▁B NP ▁Par ib as , ▁Cit igr oup ,