BDE Updates SII List and Reporting Instructions for Banks
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.
Related Links
- Technical Instructions (PDF in Spanish)
- Reporting Information (PDF in Spanish)
- Press Release on Updated List of SIIs (PDF in English)
Keywords: Europe, Spain, Banking, Instructions, XBRL, Reporting, G-SII, O-SII, Regulatory Capital, Capital Buffer, Macro-Prudential Policy, BDE
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Nick Jessop
Scenario modeling expert; risk management specialist; quantitative financial modeler
Previous Article
BCBS Report Examines Progress in Implementation of Basel III ReformsRelated Articles
FINMA Approves Merger of Credit Suisse and UBS
The Swiss Financial Market Supervisory Authority (FINMA) has approved the takeover of Credit Suisse by UBS.
BOE Sets Out Its Thinking on Regulatory Capital and Climate Risks
The Bank of England (BOE) published a working paper that aims to understand the climate-related disclosures of UK financial institutions.
OSFI Finalizes on Climate Risk Guideline, Issues Other Updates
The Office of the Superintendent of Financial Institutions (OSFI) is seeking comments, until May 31, 2023, on the draft guideline on culture and behavior risk, with final guideline expected by the end of 2023.
APRA Assesses Macro-Prudential Policy Settings, Issues Other Updates
The Australian Prudential Regulation Authority (APRA) published an information paper that assesses its macro-prudential policy settings aimed at promoting stability at a systemic level.
BIS Paper Examines Impact of Greenhouse Gas Emissions on Lending
BIS issued a paper that investigates the effect of the greenhouse gas, or GHG, emissions of firms on bank loans using bank–firm matched data of Japanese listed firms from 2006 to 2018.
HMT Mulls Alignment of Ring-Fencing and Resolution Regimes for Banks
The HM Treasury (HMT) is seeking evidence, until May 07, 2023, on practicalities of aligning the ring-fencing and the banking resolution regimes for banks.
BCBS Report Examines Impact of Basel III Framework for Banks
The Basel Committee on Banking Supervision (BCBS) published results of the Basel III monitoring exercise based on the June 30, 2022 data.
PRA Consults on Prudential Rules for "Simpler-Regime" Firms
Among the recent regulatory updates from UK authorities, a key development is the first-phase consultation, from the Prudential Regulation Authority (PRA), on simplifications to the prudential framework that would apply to the simpler-regime firms.
DNB Publishes Multiple Reporting Updates for Banks
DNB, the central bank of Netherlands, updated the list of additional reporting requests and published additional data quality checks and XBRL-Formula linkbase documents for the first quarter of 2023.
NBB Sets Out Climate Risk Expectations, Issues Reporting Updates
The National Bank of Belgium (NBB) published a communication on climate-related and environmental risks, issued an update on XBRL reporting
