EBA updates G-SIIs identification data
27 August 2024 France
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The European Banking Authority (EBA) has updated the 13 systemic importance indicators and underlying data for EU institutions.
The publication includes updated numbers and data items specific to the recognition of the Banking Union and institutions that are part of the Single Resolution Mechanism.
This concerns the 33 largest institutions in the EU whose leverage ratio exposure measure exceeds €200 billion.
Acting as a central data hub in the disclosure process, the EBA updates this data on a yearly basis, providing user-friendly tools to aggregate it across the EU.
This end-2023 data will assist competent authorities in identifying a subset of banks as global systemically important institutions (G-SIIs), following the final decision by the Basel Committee on Banking Supervision (BCBS) and the Financial Stability Board (FSB).
A sample of 27 institutions shows that the sum of those banks’ total exposures increased by 1.3 per cent at the end of 2023, the EBA reports.
The indicators for securities outstanding and level 3 assets increased by 14.9 per cent and 12.6 per cent respectively, both achieving the highest aggregate value since 2013.
Assets under custody observed an 11.2 per cent increase.
The indicator for payments activity was the only one showing a decreasing trend — down 3.7 per cent from 2022 to the end of 2023.
The identification of a G-SII, which leads to higher capital buffer requirements, falls under the responsibility of national competent authorities.
It is based on the disclosure of global denominators and G-SIB exercise results, which are expected to be published by the BCBS and the FSB in November each year.
Any higher capital buffer requirements will then apply after about one year from the publication by competent authorities of bank-specific results and buffer rate allocation to allow institutions to adjust.
The EBA Guidelines on disclosure of G-SIIs define uniform requirements for disclosing the values used during the identification and scoring process of G-SIIs, in line with the internationally agreed standards developed by the BCBS and the FSB.
Following the Basel Committee’s G-SIB assessment methodology from May 2022, the EBA supports the disclosure by EU authorities of the cross-jurisdictional indicators and underlying data items needed to calculate the parallel set of scores specific to European Banking Union banks.
To promote a level playing field in the EU and to increase transparency in the internal financial market, the current level of disclosure goes beyond the minimum standards required by the BCBS, both in terms of the granularity of the disclosed information and the applicable scope of institutions.
Consequently, some of the currently published, group-specific templates belong to institutions that have not contributed directly to the BCBS's G-SIB exercise.
The publication includes updated numbers and data items specific to the recognition of the Banking Union and institutions that are part of the Single Resolution Mechanism.
This concerns the 33 largest institutions in the EU whose leverage ratio exposure measure exceeds €200 billion.
Acting as a central data hub in the disclosure process, the EBA updates this data on a yearly basis, providing user-friendly tools to aggregate it across the EU.
This end-2023 data will assist competent authorities in identifying a subset of banks as global systemically important institutions (G-SIIs), following the final decision by the Basel Committee on Banking Supervision (BCBS) and the Financial Stability Board (FSB).
A sample of 27 institutions shows that the sum of those banks’ total exposures increased by 1.3 per cent at the end of 2023, the EBA reports.
The indicators for securities outstanding and level 3 assets increased by 14.9 per cent and 12.6 per cent respectively, both achieving the highest aggregate value since 2013.
Assets under custody observed an 11.2 per cent increase.
The indicator for payments activity was the only one showing a decreasing trend — down 3.7 per cent from 2022 to the end of 2023.
The identification of a G-SII, which leads to higher capital buffer requirements, falls under the responsibility of national competent authorities.
It is based on the disclosure of global denominators and G-SIB exercise results, which are expected to be published by the BCBS and the FSB in November each year.
Any higher capital buffer requirements will then apply after about one year from the publication by competent authorities of bank-specific results and buffer rate allocation to allow institutions to adjust.
The EBA Guidelines on disclosure of G-SIIs define uniform requirements for disclosing the values used during the identification and scoring process of G-SIIs, in line with the internationally agreed standards developed by the BCBS and the FSB.
Following the Basel Committee’s G-SIB assessment methodology from May 2022, the EBA supports the disclosure by EU authorities of the cross-jurisdictional indicators and underlying data items needed to calculate the parallel set of scores specific to European Banking Union banks.
To promote a level playing field in the EU and to increase transparency in the internal financial market, the current level of disclosure goes beyond the minimum standards required by the BCBS, both in terms of the granularity of the disclosed information and the applicable scope of institutions.
Consequently, some of the currently published, group-specific templates belong to institutions that have not contributed directly to the BCBS's G-SIB exercise.
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