Royal Bank of Canada (RBC) is Canada’s only entrant on the list of global systemically important banks (G-SIBs) for 2018 published Friday by the Financial Stability Board (FSB).

Compared with the list of G-SIBs published in 2017, the number of banks identified as G-SIBs decreases from 30 to 29.

Groupe BPCE of France has been added to the list, and Nordea of Denmark and Edinburgh-based Royal Bank of Scotland of have been removed from the list.

Banks that are considered to be G-SIBs face higher capital and supervisory requirements based on the regulators’ view that they are critical to the global financial system, which means that the failure of one of these firms could have far-reaching consequences for the overall financial system.

The FSB announces its list each November, based on the past year’s data and an assessment methodology crafted by the Basel Committee on Banking Supervision.

The Basel Committee published further detail on its assessments on Friday, including information designed to help demystify the scoring methodology.