EU Rules On G-SIIs

On 5 June 2014, the European Banking Authority ("EBA") published final draft regulatory technical standards ("RTS") on the methodology for national regulators to identify global systemically important institutions ("G-SIIs") and final draft implementing technical standards ("ITS") on the disclosure by G-SIIs of the values used for the identification and scoring process. A G-SII will be subject to increased disclosure rules as well as capital requirements. The identification of G-SIIs will take place in January 2015 for the first time and the higher capital requirement will apply from 2016. The EBA also published final guidelines on disclosure of indicators of global systemic importance which will apply to all large entities with exposures exceeding EUR 200 billion and require disclosure of the same indicators by those entities.