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European Banking Authority Publishes Revised Final Draft Technical Standards and Guidelines for the Identification of Global Systemically Important Institutions
01/13/2016
The European Banking Authority published: (i) revised final draft Implementing Technical Standards on the uniform formats and date for disclosure of values used to identify Global Systemically Important Institutions; (ii) revised final draft Regulatory Technical Standards on the specification of the methodology for the identification of G-SIIs; and (iii) draft revised Guidelines on the further specification of the indicators of global systemic importance and their disclosure under the Capital Requirements Directive IV. The methodology used by the EBA to identify G-SIIs closely follows the approach taken by the Basel Committee on Banking Supervision. The Basel Committee has recently published a new data template that includes minor revisions for the 2016 identification exercise. Consequently the related EU standards need to be updated. The full data template will now be incorporated in the revised Guidelines which state that in addition to G-SIIs, large firms with an overall exposure of more than €200 billion that may constitute a potentially significant threat to financial stability will also be subject to the uniform disclosure requirements identifying G-SIIs. The disclosure process will take place with the EBA acting as a central data hub, aggregating the data it receives. Instructions on how institutions are to complete the template will be published on the EBA website shortly and the full data template will be updated on an annual basis.
View the revised final draft ITS.
View the revised final draft RTS.
View the draft revised Guidelines.
Financial Regulatory Developments Focus