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+%28Guid elines+on+O-SIIs+Assessment%29.pdf.