ARTICLE
7 August 2015

European Banking Authority Publishes Key Information On Global Systemically Important Institutions And Other Large Banks In The EU

SS
Shearman & Sterling LLP

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On July 28, 2015, the European Banking Authority published a table setting out metrics to identify Global Systemically Important Institutions in the EU.
European Union Finance and Banking
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On July 28, 2015, the European Banking Authority published a table setting out metrics to identify Global Systemically Important Institutions in the EU. The table sets out the size, interconnectedness, substitutability, complexity and cross-jurisdictional activity of the largest 37 banks in the EU whose leverage ratio exposure measure exceeded €200 billion in 2014. This information is disclosed annually by the EBA. G-SIIs are subject to higher capital requirements and their identification as G-SIIs is the responsibility of their national regulator. A higher capital requirement applies one year after the publication by the national regulator of a bank's scoring result, allowing the bank sufficient time to adjust to the new buffer requirement.

The EBA press release and chart are available at: http://www.eba.europa.eu/-/eba-publishes-key-information-on-the-systemic-importance-of-the-37-largest-banks-in-the-eu.

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