On Apr. 23, FINFSA announced compliance with amended guidelines.
FINFSA announced compliance with amended EBA guidelines on specification and disclosure of indicators used to determine systemic significance from May 20, 2024.
Follows EBA Mar. 2024 issued translations of G-SII amended guidelines see #181026.
Recently EBA issued EBA/GL/2023/10, which amend EBA/GL/2020/14 on specification and disclosure of indicators used to determine systemic significance.
The guidelines replaced previous amended guidance issued via EBA/GL/2022/12.
Per art 16.3 EBA Reg, financial institutions/financial market participants must make every effort to comply with EBA guidelines; thus, FINFSA will comply with them.
Key Aspects
Specify indicators used to define global systemically important institutions (G-SIIs) in Reg 1222/2014, reporting of basic data (indicators, ancillary data, additional data sets) and annual publication of indicator values used in determining G-SIIs based on them.
Apply to credit entities whose minimum capital adequacy ratio exceeds EUR 200 bn.
