In particular, as a key step towards ending too-big-to-fail, we have finalized the common international standard on total-loss-absorbing-capacity (TLAC) for global systemically important Banks.

Another 10 to 15 Banks are likely to face surcharges ranging from 0.5 to 2 per cent as part of the effort to make so-called "global systemically important financial institutions" more resilient.

There is non-linear relation between banks' efficiency and its global systematic importance.