ARTICLE
13 January 2015

European Banking Authority Issues Final Guidelines On Other Systemically Important Institutions

SS
Shearman & Sterling LLP

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The guidelines establish a scoring process for assessing systemic importance based on evaluating an institution's size, importance, complexity, cross-border activity and interconnectedness.
European Union Finance and Banking
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On December 16, 2014, the European Banking Authority ("EBA") published its final guidelines on the criteria to determine the conditions of application of the Capital Requirements Directive IV ("CRD IV") package in relation to the assessment of other systemically important institutions. The guidelines establish a scoring process for assessing systemic importance based on evaluating an institution's size, importance, complexity, cross-border activity and interconnectedness. The guidelines are available at:

http://www.eba.europa.eu/documents/10180/930752/EBA-GL-2014-10+%28Guidelines+on+O-SIIs+Assessment%29.pdf .

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