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    EBA Publishes Single Rulebook Q&A, Updates List of O-SIIs

    July 04, 2022

    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.

     

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    Keywords: Europe, EU, Banking, Single Rulebook, Q&A, Reporting, Credit Risk, Basel, Regulatory Capital, O-SII, Capital Buffers, CET1, EBA

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