Featured Product

    EBA Reviews Compliance with Guidance on O-SII Identification Criteria

    November 15, 2017

    EBA published the final report on the peer review that evaluated the implementation of the EBA guidelines on the criteria for the assessment and identification of other systemically important institutions (O-SIIs) across the EU. The peer review concluded that the majority of the authorities are compliant with the EBA guidelines, although some of its requirements have not been fully applied in all jurisdictions.

    The peer review observed that the jurisdictions expressing their intention to comply with these guidelines are generally compliant. However, EBA observed some deviating practices in several member states, which could potentially hamper harmonization in the Single Market. Therefore, EBA recommends that such deviations be corrected as soon as possible.

    The peer review also identified a number of best practices and highlighted the different approaches on remaining up-to-date with the O-SII identification methodology and meeting disclosure requirements. The review highlighted that notification and disclosure obligations would benefit from greater harmonization and the process to calibrate and implement the O-SII buffer, potentially in close cooperation with other EU authorities such as the ESRB. The reference date for this peer review exercise was the 2016 O-SIIs identification exercise, implying that data from the end of 2015 have been used.

     

    Related Link: Final Peer Review Report on EBA O-SII Guidelines (PDF)

    Keywords: Europe, EU, Banking, O-SII, Identification Methodology, Peer Review, Compliance Assessment, EBA

    Related Articles
    News

    HKMA Consults on Supervisory Policy for OTC Derivatives Transactions

    HKMA is consulting on revisions to the Supervisory Policy Manual module CR-G-14 on margin and other risk mitigation standards for non-centrally cleared over-the-counter (OTC) derivatives transactions.

    May 25, 2020 WebPage Regulatory News
    News

    PRA on Regulatory Capital and IFRS 9 Requirements for Payment Holidays

    PRA provided further information on the application of regulatory capital and IFRS 9 requirements to payment holidays granted or extended to address the challenges arising from COVID-19 outbreak.

    May 22, 2020 WebPage Regulatory News
    News

    HKMA on Fintech Adoption and Innovation by Banks in Hong Kong

    HKMA announced the publication of a report on fintech adoption and innovation in the banking industry in Hong Kong.

    May 20, 2020 WebPage Regulatory News
    News

    BIS on Impact of Increasing Use of Cloud Technology on Cyber Risk

    BIS published a working paper that examines the drivers of cyber risk, especially in context of the cloud services.

    May 20, 2020 WebPage Regulatory News
    News

    ECB Consults on Guide for Managing Climate and Environmental Risks

    ECB launched consultation on a guide specifying how the Banking Supervision expects banks to consider climate-related and environmental risks in their governance and risk management frameworks and when formulating and implementing their business strategy.

    May 20, 2020 WebPage Regulatory News
    News

    ECB Issues Opinion on Revisions to CRR in Response to COVID Crisis

    ECB published an opinion (CON/2020/16) on amendments to the prudential framework in EU in response to the COVID-19 pandemic.

    May 20, 2020 WebPage Regulatory News
    News

    EBA Assesses Interlinkages Between Recovery and Resolution Planning

    EBA published a report that examines the interlinkages between recovery and resolution planning under the Bank Recovery and Resolution Directive (BRRD).

    May 20, 2020 WebPage Regulatory News
    News

    SRB Publishes Final MREL Policy Under the Banking Package

    SRB published the final Minimum Requirements for Own Funds and Eligible Liabilities (MREL) policy under the Banking Package.

    May 20, 2020 WebPage Regulatory News
    News

    US Agencies Amend Interim Final Rule on Transition Period for CECL

    US Agencies (FDIC, FED, and OCC) published a final rule that makes technical changes to the March 31, 2020 interim final rule that provides a five-year transition period for the impact of the current expected credit loss (CECL) methodology on regulatory capital.

    May 19, 2020 WebPage Regulatory News
    News

    ECB Releases Results of March Survey on Credit Terms and Conditions

    ECB published results of the March 2020 survey on credit terms and conditions in euro-denominated securities financing and over-the-counter (OTC) derivatives markets.

    May 19, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5208