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The ITS and Guidelines define uniform requirements for disclosing the values used during the identification and scoring process of G-SIIs, in line with the internationally agreed standards developed by the Financial Stability Board (FSB) and by the Basel Committee on Banking Supervision (BCBS).
To promote a level playing field in the EU regarding these requirements and increase transparency on the internal financial market, the current level of disclosure goes beyond the minimum standards required by the BCBS, both in terms of granularity of the disclosed information and applicable scope of institutions.
Consequently, some of the group-specific templates now being published belong to institutions or EU subsidiaries that did not contribute directly to the BCBS's G-SIB exercise.
Furthermore, the EBA will act as a central data hub in this disclosure process, thus providing a platform to aggregate data across the EU through a user-friendly excel tool. The EBA expects to disclose such data with yearly frequency, by end-July.
The identification as G-SII, which leads to a higher capital requirement, will take place in January 2015 for the first time (global results usually known in November), and the higher capital requirement will apply about one year after the publication by competent authorities in each Member State of banks' scoring results so as to allow institutions enough time to adjust to the new buffer requirement.