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May 23, 2018

EBA updated the 2017 list of other systemically important institutions (O-SIIs) in EU. The list of O-SIIs is disclosed on an annual basis, along with any common equity tier 1 (CET1) capital buffer requirements, which may need to be set or reset. Higher capital requirements will become applicable at least one year after the publication of the O-SIIs list to give institutions enough time to adjust to the new buffer requirements.

EBA has put in place guidelines on criteria to assess O-SIIs define the size, importance, complexity (or cross-border activities), and interconnectedness of such institutions. The guidelines provide additional flexibility for relevant authorities to apply their supervisory judgment when deciding whether to include other institutions that might not have been automatically identified as O-SIIs. This approach allows for the assessment of all financial institutions across the EU in a comparable way, while still not excluding the firms that may be deemed for one EU jurisdiction on the basis of certain specificities. O-SIIs—those institutions which, along with global systemically important institutions (G-SIIs) are deemed systemically important—have been identified by the relevant authorities across EU, according to the harmonized criteria provided by EBA guidelines.

 

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Keywords: Europe, EU, Banking, O-SII, G-SIBs, Capital Buffers, EBA

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