BCBS published reporting instructions, reporting template, and the year-end and annual average exchange rates as part of the 2019 assessment for global systemically important banks (G-SIBs). The reporting instructions cover general information such as the scope of the G-SIB assessment exercise, the process to be followed, and the overall structure of the quantitative questionnaire. The reporting instructions also provide details on the data collected in the template, including the specific data definitions and the interpretation of built-in data checks.
The BCBS assessment methodology for G-SIBs requires a sample of banks to report a set of indicators to national supervisory authorities. These indicators are then aggregated and used to calculate the scores of banks in the sample. Banks above a cut-off score are identified as G-SIBs and are allocated to buckets that are then used to determine their higher loss-absorbency requirement. When the G-SIB framework was first published, BCBS had agreed to review the framework every three years to allow for the opportunity to enhance the framework, as needed. In July 2018, BCBS had concluded its first review of the G-SIB framework and published a revised assessment methodology, which is expected to be implemented in member jurisdictions by 2021. The Committee plans to complete the next review of the G-SIB framework by 2021.
Keywords: International, Banking, G-SIB, Systemic Risk, G-SIB Assessment, Reporting, HLA, Regulatory Capital, BCBS
Previous ArticleIA of Hong Kong Announces Exemption for Insurers Due to COVID-19
The use cases of generative AI in the banking sector are evolving fast, with many institutions adopting the technology to enhance customer service and operational efficiency.
As part of the increasing regulatory focus on operational resilience, cyber risk stress testing is also becoming a crucial aspect of ensuring bank resilience in the face of cyber threats.
A few years down the road from the last global financial crisis, regulators are still issuing rules and monitoring banks to ensure that they comply with the regulations.
The European Commission (EC) recently issued an update informing that the European Council and the Parliament have endorsed the Banking Package implementing the final elements of Basel III standards
The Swiss Federal Council recently decided to further develop the Swiss Climate Scores, which it had first launched in June 2022.
The Basel Committee on Banking Supervision (BCBS) launched consultation on a Pillar 3 disclosure framework for climate-related financial risks, with the comment period ending on February 29, 2024.
The U.S. President Joe Biden signed an Executive Order, dated October 30, 2023, to ensure safe, secure, and trustworthy development and use of artificial intelligence (AI).
The Monetary Authority of Singapore (MAS) launched an integrated digital platform, Gprnt, also known as “Greenprint.”
The European Banking Authority (EBA) has published the final templates, and the associated guidance, for collecting climate-related data for the one-off Fit-for-55 climate risk scenario analysis.
The Network for Greening the Financial System (NGFS) published its latest set of long-term climate macro-financial scenarios (Phase IV) for assessing forward-looking climate risks.