EBA consults on amendments to the Guidelines on the specification and disclosure of systemic importance indicators

The European Banking Authority (EBA) launched today a public consultation on amendments to its Guidelines on the specification and disclosure of systemic importance indicators. The proposed changes aim primarily at updating the annex which replicates the data template issued by the Basel Committee on Banking Supervision (BCBS) on a yearly basis. The consultation runs until 1 September 2023.

The EBA methodology for identifying global systemically important institutions (G‐SIIs) closely follows the approach of the BCBS for the identification of global systemically important banks (G‐SIBs), as they are referred to in BCBS terminology. In January 2023, the BCBS published a new data template with revisions for the 2023 identification exercise, based on end-2022 business year data. To ensure consistency between the internationally agreed standards and the EU regulatory framework, the annex of the EBA Guidelines has been amended to replicate the yearly updated Basel reporting template.

Consultation process

Comments to the consultation paper can be sent by clicking on the "send your comments" button on the EBA's consultation page. The deadline for the submission of comments is 1 September 2023. The EBA will not hold a virtual public hearing on the consultation paper considering the low impact of the suggested changes.

All contributions received will be published following the end of the consultation, unless requested otherwise.

The scope of the consultation, and of the consultation questions, is limited to the amendments and additions.

Legal basis, background and next steps

The amended Guidelines have been developed in accordance with Directive (EU) 2019/878 (CRD V), and on the basis of internationally agreed standards, such as the framework established by the Financial Stability Board (FSB), as well as the standards developed by the BCBS.