PRA Publishes Annual List of G-SIIs and O-SIIs
PRA released the annual list of UK firms designated as other systemically important institutions (O-SIIs), along with the 2019 list of UK-headquartered global systemically important institutions (G-SIIs). For the G-SIIs, PRA also disclosed the respective sub-categories, applicable scores, and G-SII buffers, which will apply from January 01, 2021. The G-SIIs for 2019 are HSBC Holding Plc, Barclays Plc, and Standard Chartered Plc, with the buffers of 2.0%, 1.5%, and 1.0%, respectively. The list of G-SIIs and their sub-category allocations is also to be updated annually.
PRA has conducted the O-SII identification process for 2019, as set out in the statement of policy on the PRA approach to identifying O-SIIs. Based on the methodology for O-SII identification, PRA has designated fifteen firms as O-SIIs based on data as at December 31, 2018.
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List of O-SIIs for 2019 |
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Barclays Plc |
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CitigroupGlobal Markets Limited |
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Credit Suisse International |
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Credit Suisse Investments (UK) |
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Goldman Sachs Group UK Limited |
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HSBC Holdings Plc |
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J.P. Morgan Capital Holdings Limited |
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Lloyds Banking Group Plc |
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Merrill Lynch International |
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Morgan Stanley International Limited |
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Nationwide Building Society |
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Nomura Europe Holdings Plc |
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The Royal Bank of Scotland Group Plc |
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Santander UK Group Holdings Plc |
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Standard Chartered Plc |
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Keywords: Europe, UK, Banking, O-SII, G-SII, CRR, CRD, Basel III, Systemic Risk, PRA
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