05 March 2020

EBA launches consultation to update methodology to identify G-SIIs

The need for this revision was prompted, on one hand, by the revised framework for global systemically important banks (G-SIBs) published by the BCBS, on the other hand, by the recent mandate given to the EBA to draft an additional methodology for the allocation of G-SII buffer rates to identified G-SIIs.

Considering that the list of EU G-SIBs identified by the BCBS and the list of G-SIIs identified by relevant authorities in EU Member States are identical, the EBA will need to update its Regulatory Technical Standard (RTS) for identifying G-SIIs, its Implementing Technical Standard (ITS) on ex-post disclosure rules applicable to identified G-SIBs.

In addition, the EBA guidelines frame ex-ante disclosure rules for very large institutions that may be later identified as G-SIIs.

Following Article 441 of the CRR2, institutions identified as G-IIs are required to disclose, on an  annual basis, the values of the indicators used for determining their score in accordance with the  identification methodology referred to in Article 131 of Directive (EU) 2019/878. Article 434a of the  CRR2 includes the mandate for the EBA to develop draft implementing technical standards  specifying uniform disclosure formats, and associated instructions in accordance with which the  disclosures required under Titles II and III of Part Eight of the CRR shall be made, including the  disclosure required in Article 441. To facilitate the comparability of information, the implementing technical standards shall seek to maintain consistency of disclosure formats with international standards on disclosures.

Comments to this consultation can be sent to the EBA by 5 June 2020.  A public hearing will be held on 27 March 2020 from 14:00 to 16:00 CET at the EBA premises in Paris.

Full press release on EBA

Full consultation paper on EBA

© EBA