The European Banking Authority (EBA) updated the list of other systemically important institutions (O-SIIs) in the European Union and published, under the Single Rulebook Question and Answer (Q&A) tool, an answer to a question on the guidelines on loan origination and monitoring.
This list, which covers nearly 175 institutions and is also available in a user-friendly visualization tool , is based on end-2020 data and reflects the O-SII score and the capital buffers that the relevant authorities have set for the identified O-SIIs. The EBA guidelines on criteria to assess O-SIIs define the size, importance, complexity, and interconnectedness as the criteria for O-SII identification. They also provide flexibility to relevant authorities to apply their supervisory judgment when deciding to include other institutions, which might have not been automatically identified as O-SIIs. This approach ensures a comparable assessment of all financial institutions across the European Union, whilst still not excluding those firms that may be deemed systemically important for one jurisdiction on the basis of certain specificities. EBA acts as the single point of disclosure for the list of O-SIIs across European Union, while each relevant authority discloses information for its respective jurisdiction, along with further details on the underlying rationale and identification process. The list of O-SIIs is disclosed on an annual basis, along with any Common Equity Tier 1 (CET1) capital buffer requirements. Higher capital requirements will become applicable once relevant authorities decide to set institution-specific buffer requirements following the O-SII identification. For each O-SII, the list includes the overall score in terms of basis points resulting from the EBA scoring methodology.
- Single Rulebook Q&A
- Press Release on Updated List of O-SIIs
- O-SII as Notified to EBA (XLSX)
- EBA Guidelines
Keywords: Europe, EU, Banking, Single Rulebook, Q&A, Reporting, Credit Risk, Basel, Regulatory Capital, O-SII, Capital Buffers, CET1, EBA
The Australian Prudential Regulation Authority (APRA) has published the findings of its latest climate risk self-assessment survey conducted across the banking, insurance, and superannuation industries.
The French Prudential Supervisory Authority (ACPR) published a notice related to the methods for calculating and publishing prudential ratios under the Capital Requirements Directive (CRD IV) and the minimum requirement for own funds and eligible liabilities (MREL).
The Financial Stability Institute (FSI) of the Bank for International Settlements recently published a paper proposing a framework for classifying financial stability regulation as either entity-based or activity-based.
The European Insurance and Occupational Pension Authority (EIOPA) published the risk dashboard based on Solvency II data and the final version of the application guidance on climate change materiality assessments and climate change scenarios in the Own Risk and Solvency Assessment (ORSA).
The European Banking Authority (EBA) and the European Central Bank (ECB) published their responses to the consultations of the International Sustainability Standards Board (ISSB) and the European Financial Reporting Advisory Group (EFRAG) on sustainability-related disclosure standards.
A Consultative Group on Risk Management (CGRM) at the Bank for International Settlements (BIS) published a report that examines incorporation of climate risks into the international reserve management framework.
The European Banking Authority (EBA) published the final guidelines on liquidity requirements exemption for investment firms, updated version of its 5.2 filing rules document for supervisory reporting, and Single Rulebook Question and Answer (Q&A) updates in July 2022.
The European Insurance and Occupational Pensions Authority (EIOPA) published Version 2.8.0 of the Solvency II data point model (DPM) and XBRL taxonomy.
The European Union published, in the Official Journal of the European Union, an opinion from the European Economic and Social Committee (EESC); the opinion is on the proposal for a regulation to amend the Capital Requirements Regulation (CRR).
HM Treasury published a draft statutory instrument titled “The Financial Services (Miscellaneous Amendments) (EU Exit) Regulations 2022,” along with the related explanatory memorandum and impact assessment.