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 three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.
The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.
The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.
The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups
The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.
The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.
The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.
The European Central Bank (ECB) published the results of its thematic review, which shows that banks are still far from adequately managing climate and environmental risks.
Among its recent publications, the European Banking Authority (EBA) published the final standards and guidelines on interest rate risk arising from non-trading book activities (IRRBB)
The European Commission (EC) recently adopted regulations with respect to the calculation of own funds requirements for market risk, the prudential treatment of global systemically important institutions (G-SIIs)