The European Banking Authority (EBA) updated the list of other systemically important institutions (O-SIIs) in the European Union and published, under the Single Rulebook Question and Answer (Q&A) tool, an answer to a question on the guidelines on loan origination and monitoring.
This list, which covers nearly 175 institutions and is also available in a user-friendly visualization tool , is based on end-2020 data and reflects the O-SII score and the capital buffers that the relevant authorities have set for the identified O-SIIs. The EBA guidelines on criteria to assess O-SIIs define the size, importance, complexity, and interconnectedness as the criteria for O-SII identification. They also provide flexibility to relevant authorities to apply their supervisory judgment when deciding to include other institutions, which might have not been automatically identified as O-SIIs. This approach ensures a comparable assessment of all financial institutions across the European Union, whilst still not excluding those firms that may be deemed systemically important for one jurisdiction on the basis of certain specificities. EBA acts as the single point of disclosure for the list of O-SIIs across European Union, while each relevant authority discloses information for its respective jurisdiction, along with further details on the underlying rationale and identification process. The list of O-SIIs is disclosed on an annual basis, along with any Common Equity Tier 1 (CET1) capital buffer requirements. Higher capital requirements will become applicable once relevant authorities decide to set institution-specific buffer requirements following the O-SII identification. For each O-SII, the list includes the overall score in terms of basis points resulting from the EBA scoring methodology.
- Single Rulebook Q&A
- Press Release on Updated List of O-SIIs
- O-SII as Notified to EBA (XLSX)
- EBA Guidelines
Keywords: Europe, EU, Banking, Single Rulebook, Q&A, Reporting, Credit Risk, Basel, Regulatory Capital, O-SII, Capital Buffers, CET1, EBA
Previous ArticleEC Adopts Rules on Disclosure of ESG Risks by Large Banks
The European Banking Authority (EBA) launched the 2023 European Union (EU)-wide stress test, published annual reports on minimum requirement for own funds and eligible liabilities (MREL) and high earners with data as of December 2021.
The European Banking Authority (EBA) proposed implementing technical standards on the interest rate risk in the banking book (IRRBB) reporting requirements, with the comment period ending on May 02, 2023.
The U.S. Federal Reserve Board (FED) set out details of the pilot climate scenario analysis exercise to be conducted among the six largest U.S. bank holding companies.
The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.
The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.
The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.
The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.
The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.
The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.
The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.