Featured Product

    BCBS Issues Reporting Instructions and Template for G-SIB Assessment

    January 22, 2021

    BCBS published reporting instructions, reporting template, and the year-end and annual average exchange rates as part of the 2020 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 detail the data collected in the template, including the specific data definitions and the interpretation of built-in data checks.

    While participation in portions of this exercise is voluntary in certain jurisdictions, BCBS expects a high level of participation to ensure robust results. The relevant supervisory authorities will be required to estimate values based on publicly available information if banks do not provide data. In accordance with BCBS standards, all banks with a leverage ratio exposure measure exceeding EUR 200 billion (using the exchange rate applicable at the financial year-end) are required to publicly disclose information containing at least the 12 indicators described in Appendix 5 (of the instructions document) within four months of the financial year-end. Banks below this threshold that have been added to the sample as a result of being classified as a G-SIB in the previous year are also subject to the disclosure requirement.

    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, which are then used to determine their higher loss-absorbency requirement. BCBS had published a revised assessment methodology and the higher loss-absorbency requirement for G-SIBs in July 2018. This revised assessment methodology was scheduled to apply from 2021, based on the end-2020 data. However, in April 2020, when BCBS had set out additional measures to alleviate the impact of COVID-19 pandemic, BCBS decided to postpone the implementation of the revised G-SIB framework by one year, from 2021 to 2022.

     

    Related Links

    Keywords: International, Banking, G-SIB, Systemic Risk, G-SIB Assessment, Reporting, Regulatory Capital, Basel, BCBS

    Featured Experts
    Related Articles
    News

    EBA Publishes Final Regulatory Standards on STS Securitizations

    The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.

    September 20, 2022 WebPage Regulatory News
    News

    ECB Further Reviews Costs and Benefits Associated with IReF

    The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.

    September 15, 2022 WebPage Regulatory News
    News

    BCBS to Finalize Crypto Rules by End-2022; US to Propose Basel 3 Rules

    The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.

    September 15, 2022 WebPage Regulatory News
    News

    IOSCO Welcomes Work on Sustainability-Related Corporate Reporting

    The International Organization of Securities Commissions (IOSCO) welcomed the work of the international audit and assurance standard setters—the International Auditing and Assurance Standards Board (IAASB)

    September 15, 2022 WebPage Regulatory News
    News

    EBA Publishes Funding Plans Report, Receives EMAS Certification

    The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).

    September 15, 2022 WebPage Regulatory News
    News

    MAS Launches SaaS Solution to Simplify Listed Entity ESG Disclosures

    The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.

    September 15, 2022 WebPage Regulatory News
    News

    BoE Allows One-Day Delay in Statistical Data Submissions by Banks

    The Bank of England (BoE) published a Statistical Notice (2022/18), which informs that due to the Bank Holiday granted for Her Majesty Queen Elizabeth II’s State Funeral on Monday September 19, 2022.

    September 14, 2022 WebPage Regulatory News
    News

    ACPR Amends Reporting Module Timelines Under EBA Framework 3.2

    The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2.

    September 14, 2022 WebPage Regulatory News
    News

    ECB Paper Discusses Disclosure of Climate Risks by Credit Agencies

    The European Central Bank (ECB) published a paper that examines how credit rating agencies accepted by the Eurosystem, as part of the Eurosystem Credit Assessment Framework (ECAF)

    September 13, 2022 WebPage Regulatory News
    News

    APRA to Modernize Prudential Architecture, Reduces Liquidity Facility

    The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility (CLF) for authorized deposit-taking entities to ~USD 33 billion on September 01, 2022.

    September 12, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8514