BCBS Issues Reporting Instructions and Template for G-SIB Assessment
BCBS published reporting instructions, reporting template, and the year-end and annual average exchange rates as part of the 2020 assessment for global systemically important banks (G-SIBs). The reporting instructions cover general information such as the scope of the G-SIB assessment exercise, the process to be followed, and the overall structure of the quantitative questionnaire. The reporting instructions also detail the data collected in the template, including the specific data definitions and the interpretation of built-in data checks.
While participation in portions of this exercise is voluntary in certain jurisdictions, BCBS expects a high level of participation to ensure robust results. The relevant supervisory authorities will be required to estimate values based on publicly available information if banks do not provide data. In accordance with BCBS standards, all banks with a leverage ratio exposure measure exceeding EUR 200 billion (using the exchange rate applicable at the financial year-end) are required to publicly disclose information containing at least the 12 indicators described in Appendix 5 (of the instructions document) within four months of the financial year-end. Banks below this threshold that have been added to the sample as a result of being classified as a G-SIB in the previous year are also subject to the disclosure requirement.
The BCBS assessment methodology for G-SIBs requires a sample of banks to report a set of indicators to national supervisory authorities. These indicators are then aggregated and used to calculate the scores of banks in the sample. Banks above a cut-off score are identified as G-SIBs and are allocated to buckets, which are then used to determine their higher loss-absorbency requirement. BCBS had published a revised assessment methodology and the higher loss-absorbency requirement for G-SIBs in July 2018. This revised assessment methodology was scheduled to apply from 2021, based on the end-2020 data. However, in April 2020, when BCBS had set out additional measures to alleviate the impact of COVID-19 pandemic, BCBS decided to postpone the implementation of the revised G-SIB framework by one year, from 2021 to 2022.
Related Links
Keywords: International, Banking, G-SIB, Systemic Risk, G-SIB Assessment, Reporting, Regulatory Capital, Basel, BCBS
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Patrycja Oleksza
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Previous Article
CBK Issues Statement on Distribution of Cash Dividends by BanksNext Article
BIS Innovation Hub Sets Out Work Program for 2021Related Articles
EBA Publishes Final Regulatory Standards on STS Securitizations
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.
ECB Further Reviews Costs and Benefits Associated with IReF
The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.
EBA Publishes Funding Plans Report, Receives EMAS Certification
The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).
MAS Launches SaaS Solution to Simplify Listed Entity ESG Disclosures
The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.
BCBS to Finalize Crypto Rules by End-2022; US to Propose Basel 3 Rules
The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.
IOSCO Welcomes Work on Sustainability-Related Corporate Reporting
The International Organization of Securities Commissions (IOSCO) welcomed the work of the international audit and assurance standard setters—the International Auditing and Assurance Standards Board (IAASB)
BoE Allows One-Day Delay in Statistical Data Submissions by Banks
The Bank of England (BoE) published a Statistical Notice (2022/18), which informs that due to the Bank Holiday granted for Her Majesty Queen Elizabeth II’s State Funeral on Monday September 19, 2022.
ACPR Amends Reporting Module Timelines Under EBA Framework 3.2
The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2.
ECB Paper Discusses Disclosure of Climate Risks by Credit Agencies
The European Central Bank (ECB) published a paper that examines how credit rating agencies accepted by the Eurosystem, as part of the Eurosystem Credit Assessment Framework (ECAF)
APRA to Modernize Prudential Architecture, Reduces Liquidity Facility
The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility (CLF) for authorized deposit-taking entities to ~USD 33 billion on September 01, 2022.
