Final report on amending GLs on disclosure of G-SIIs indicators

EBA/GL/2023/10
20 December 2023
Amending Guidelines EBA/GL/2020/14 on the specification and disclosure of systemic importance indicators

GUIDELINES AMENDING GUIDELINES EBA/GL/2020/14
Contents

1. Executive Summary 3
2. Background and rationale 4
3. Guidelines 6

GUIDELINES AMENDING GUIDELINES EBA/GL/2020/14

1. Executive Summary
2. The EBA methodology for identifying global systemically important institutions (G-SIIs), set out
   in Guidelines EBA/GL/2020/14, closely follows the approach of the Basel Committee on Banking Supervision (BCBS) to identifying 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. For consistency purposes between the internationally agreed standards and the EU regulatory framework, the Annex to the Guidelines replicates the yearly updated Basel reporting template. Therefore, an update of the template included in these Guidelines should be done to take into consideration that of the BCBS.
3. In addition, following the last review of the EBA Guidelines on the specification and disclosure
   of systemic importance indicators, which introduced a new paragraph 10a on SRM cross￾jurisdictional indicators, these Guidelines introduce further clarifications, for the Single Rulebook, on which relevant cross-jurisdictional indicators concerning SRM jurisdictions should be used for identification and, hence, reported and disclosed, without being considered ‘memorandum’ or ‘ancillary’ items or indicators for the EU.
4. For practical reasons, data instructions issued by the BCBS (for G-SIB assessment reporting) were
   included in the first version of the Guidelines, as part of the Annex thereto. These were deleted from the Annex to the Guidelines in their first review in 2016, but the guidance to follow them when filling in the template, as published on the EBA website, was left. It is still expected that these instructions are followed when filling in the template in the Annex. When following such instructions and specifications, SRM cross-jurisdictional data or indicators are not to be considered as ‘memorandum’ or ‘ancillary’ items or indicators either. Therefore, a clearer reference to these, as published on the EBA website, is now introduced in the Guidelines. Annual updates to these instructions and specifications are published on the EBA website, and they are expected to be followed by all groups and credit institutions that exceed the materiality threshold defined in the Guidelines.
5. Due to the fact that the amendments to the Guidelines were already expected, but also their
   limited and technical nature, it was decided that the consultation period would last only one month. Next steps The Guidelines will be translated into the official EU languages and published on the EBA website. The deadline for competent authorities to report whether they comply with the Guidelines will be two months after the publication of the translations. The Guidelines will apply from 20.05.2024.