The Basel Committee on Banking Supervision (BCBS) has issued an updated framework text with the assessment methodology and higher loss absorbency requirement for globally systemically important banks (G-SIBS) together with an updated template and reporting instructions. The methodology sets out the BCBS's methods for assessing and identifying G-SIBs, describes the additional loss absorbency requirements that will apply to G-SIBs, the phase-in arrangements for these requirements and the disclosures that banks above a certain size are required to make to enable the methodology to operate on the basis of publicly available information.