The paper investigates whether Global Systemically Important Banks (G‑SIBs) engage in stronger window‑dressing practices than other banks. It finds evidence that G‑SIBs reduce exposures such as assets, debt, and derivatives more sharply at year‑end and then increase them again in the following quarter, creating a “V‑shape” pattern. This behavior is more pronounced for G‑SIBs near regulatory thresholds or with higher surcharges, suggesting attempts to lower capital requirements. The study highlights potential market implications and questions the effectiveness of the G‑SIB framework, suggesting reforms such as using average exposures rather than year‑end figures.