On July 28, the European Banking Authority (EBA) published
a chart setting out the key metrics used to identify
global systemically important institutions (G-SIIs) in the EU. The
chart contains information on the size, interconnectedness,
substitutability, complexity and cross-jurisdictional activity of
the 37 EU institutions whose leverage ratio exposure measure
exceeded EUR 200 billion in 2014. Under the CRD IV Directive,
additional capital buffers apply to firms that are systemically
important. Identification of G-SIIs is the responsibility of
national competent authorities and took place for the first time in
January 2015.
ESRB Reports on EMIR
The European Systemic Risk Board (ESRB) has published two
reports relating to EMIR (the Regulation on OTC derivative
transactions, central counterparties and trade repositories) to
assist the European Commission in fulfilling its obligation
under Article 85 of EMIR to review and provide a report on the
Regulation.
