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.
- 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
Previous ArticleEIOPA Report Analyzes Use and Impact of Long-Term Guarantee Measures
The Australian Prudential Regulation Authority (APRA) has published the findings of its latest climate risk self-assessment survey conducted across the banking, insurance, and superannuation industries.
The French Prudential Supervisory Authority (ACPR) published a notice related to the methods for calculating and publishing prudential ratios under the Capital Requirements Directive (CRD IV) and the minimum requirement for own funds and eligible liabilities (MREL).
The Financial Stability Institute (FSI) of the Bank for International Settlements recently published a paper proposing a framework for classifying financial stability regulation as either entity-based or activity-based.
The European Insurance and Occupational Pension Authority (EIOPA) published the risk dashboard based on Solvency II data and the final version of the application guidance on climate change materiality assessments and climate change scenarios in the Own Risk and Solvency Assessment (ORSA).
The European Banking Authority (EBA) and the European Central Bank (ECB) published their responses to the consultations of the International Sustainability Standards Board (ISSB) and the European Financial Reporting Advisory Group (EFRAG) on sustainability-related disclosure standards.
A Consultative Group on Risk Management (CGRM) at the Bank for International Settlements (BIS) published a report that examines incorporation of climate risks into the international reserve management framework.
The European Banking Authority (EBA) published the final guidelines on liquidity requirements exemption for investment firms, updated version of its 5.2 filing rules document for supervisory reporting, and Single Rulebook Question and Answer (Q&A) updates in July 2022.
The European Insurance and Occupational Pensions Authority (EIOPA) published Version 2.8.0 of the Solvency II data point model (DPM) and XBRL taxonomy.
The European Union published, in the Official Journal of the European Union, an opinion from the European Economic and Social Committee (EESC); the opinion is on the proposal for a regulation to amend the Capital Requirements Regulation (CRR).
HM Treasury published a draft statutory instrument titled “The Financial Services (Miscellaneous Amendments) (EU Exit) Regulations 2022,” along with the related explanatory memorandum and impact assessment.