On April 29, 2015, the European Banking Authority published a consultation paper to update its data template for the identification methodology for global systemically important institutions (“GSIIs”) under the Capital Requirements Directive IV (“CRD IV”) package. This review follows on from the introduction by the Basel Committee on Banking Supervision of new identification methodology in January 2015. The consultation paper includes a draft regulation amending the regulatory technical standards on the identification methodology for GSIIs and the implementing technical standards on uniform format and date of disclosure by G-SIIs. The new data template comprises minor technical revisions such as: (i) average exchange rates being provided by the relevant supervisory authority rather than the respondent bank; and (ii) long-term monitoring items being re-labeled as “Ancillary Data”. The scope of the disclosure requirements under CRD IV remains unchanged. Draft revised guidelines on further specification of the indicators of global systemic importance are also included in the consultation paper. Going forward, the data template will be incorporated into the guidelines and instructions specifying how the template should be completed will be published on the EBA website. Responses to the consultation are due by May 30, 2015.
The consultation paper is available at: http://www.eba.europa.eu/documents/10180/1058119/EBA+CP+2015+07+- +CP+on+revised+template+for+the+identification+of+G-SIIs.pdf.