FIG Estimation of Beta/Cost of Capital for Bank

Just wondering is Beta calculated the same way as it would be for a "vanilla" company for a bank. i.e. unlever Betas and relever. Is the unlevering particularly important as most GSIBs will have similar capital requirements and thus leverage ratios to their peers based off RWAs and this may go for all banks of similar size. Any additional considerations? Thanks in advance!

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