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    BDE Updates SII List and Reporting Instructions for Banks

    December 02, 2020

    BDE updated technical instructions for electronic filing and transmission of financial statements, according to the eXtensible Business Reporting Language (XBRL) standard, along with the other related documentation. The technical instructions specify that the statements and financial documentation must be presented in accordance with the standards and specifications issued for this purpose, as established by the provisions of BDE. In addition, BDE updated the list of systemically important institutions (SIIs) and has set their macro-prudential capital buffers. BDE has designated one Spanish credit institution as global systemically important institution (G-SII) for 2022 and five Spanish banking institutions as other systemically important institutions (O-SIIs) for 2021, in addition to establishing their associated capital buffers.

    BDE has designated Banco Santander, S.A. as a G-SII for 2022. Banco Santander, S.A. will be subject to an additional common equity tier 1 requirement, known as the G-SII capital buffer, equal to 1.0% of its total risk exposure (risk-weighted assets or RWAs) on a consolidated basis. BDE has Banco Santander, S.A., Banco Bilbao Vizcaya Argentaria, S.A., CaixaBank, S.A., Banco de Sabadell, S.A., and BFA Tenedora de Acciones S.A.U. (Bankia, S.A.) as O-SIIs. These institutions have been identified as O-SIIs based on data as at December 31, 2019, using the EBA guidelines on assessment of O-SIIs. The next decisions on SIIs (for implementation in 2023) and O-SIIs (in 2022) will be adopted no later than December 01, 2021, in line with the specified regulatory time periods and customary practices followed by other national authorities in EU.

     

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    Keywords: Europe, Spain, Banking, Instructions, XBRL, Reporting, G-SII, O-SII, Regulatory Capital, Capital Buffer, Macro-Prudential Policy, BDE

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