On January 13, 2016, the EBA published: (i) revised final draft ITS on the uniform formats and date for disclosure of values used to identify Global Systemically Important Institutions; (ii) revised final draft RTS on the specification of the methodology for the identification of G-SIIs; and (iii) draft revised Guidelines on the further specification of the indicators of global systemic importance and their disclosure under the Capital Requirements Directive IV. The methodology used by the EBA to identify GSIIs closely follows the approach taken by the Basel Committee. The Basel Committee has however recently published a new data template that includes minor revisions for the 2016 identification exercise. Consequently, the related EU standards need to be updated. The full data template will now be incorporated in the revised Guidelines which state that in addition to G-SIIs, large firms with an overall exposure of more than €200 billion that may constitute a potentially significant threat to financial stability will also be subject to the uniform disclosure requirements identifying G-SIIs. The disclosure process will take place with the EBA acting as a central data hub, aggregating the data it receives. Instructions on how institutions are to complete the template will be published on the EBA website shortly and the full data template will be updated on an annual basis.
The revised final draft ITS are available at: http://www.eba.europa.eu/documents/10180/1333778/EBA-ITS-2016- 01+%28Final+draft+ITS+on+G-SII+identification%29.pdf, the revised final draft RTS are available at: http://www.eba.europa.eu/documents/10180/1333789/EBA-RTS-2016-01+%28Final+draft+RTS+on+GSII+ identification%29.pdf/0c22fb99-e3c5-41a4-ae96-26080a5737a5 and the revised draft Guidelines are available at: http://www.eba.europa.eu/-/eba-publishes-revised-final-draft-technical-standards-and-guidelines-on-methodology-and-disclosurefor- global-systemically-important-institutions.
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