The EBA updates the Guidelines on the specification and disclosure of systemic importance indicators

EBA has updated its Guidelines on the specification and disclosure of systemic importance indicators. These guidelines are applicable to the largest institutions in the EU with a leverage ratio exposure measure exceeding EUR 200 billion. The update includes changes and clarifications related to indicators relevant for the identification process of G-SIIs. The guidelines aim to align with internationally agreed standards developed by the BCBS and the FSB.
The revised guidelines introduce additional changes and clarifications, taking into account the recognition of European Banking Union specificities within the BCBS framework for G-SIBs. They include the Basel reporting template as of end-2022 in the Annex. The identification of G-SIIs, which leads to higher capital buffer requirements, is the responsibility of NCAs. The process is updated annually, and the EBA plays a central role in the disclosure process, providing user-friendly tools to aggregate data across the EU.
The guidelines also address the disclosure of cross-jurisdictional indicators and underlying data items specific to European Banking Union banks, going beyond the minimum standards required by the BCBS. The update emphasizes the need for transparency in the internal financial market.
The amendments to the guidelines are considered limited and technical in nature. The consultation period for these changes was kept short, lasting only one month, due to their expected nature and technicality (eventid=22462).