Overseas briefs: HKMA nominates five D-SIBs, Europeans joins AIIB 18 March 2015 4:22PM Banking Day staff The Hong Kong Monetary Authority announced the designation of five banks as domestic systemically important authorised institutions (D-SIBs). The five are Hongkong and Shanghai Banking Corporation, Bank of China (Hong Kong), Hang Seng Bank Standard Chartered Bank (Hong Kong) and The Bank of East Asia. Each bank will have to include a higher loss absorbency requirement into the calculation of their regulatory capital buffers within a period of 12 months. France, Germany and Italy have all agreed to join a China-led international development bank, the Asian Infrastructure Investment Bank, reports the Financial Times. Their decision follows the announcement last week that Britain will join the US$50 billion bank. The Australian Government is re-thinking its position, after saying last year that it would not join. The United States has discouraged other nations from joining the AIIB, arguing that its governance is weak and lending standards around social and environmental considerations need to be strengthened.