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The EBA Guidelines on criteria to assess O-SIIs define the size, importance, complexity (or cross-border activities) and interconnectedness of such institutions.
These Guidelines provide additional flexibility for relevant authorities to apply their supervisory judgment when deciding to include other institutions that might have not been automatically identified as O-SIIs. This approach allows for the assessment of all financial institutions across the EU in a comparable way, whilst still not excluding those firms which may be deemed for one EU jurisdiction on the basis of certain specificities.
The EBA acts as the single point of disclosure for the list of O-SIIs across the EU, while each relevant authority discloses information for its respective jurisdiction, along with further details on the underlying rationale and identification process. This additional information is key for understanding the specific features of each O-SII and get some insight in terms of supervisory judgment, optional indicators used, buffer decisions and phase-in implementation dates.