Commission Implementing Regulation (EU) 2016/818

of 17 May 2016

amending Implementing Regulation (EU) No 1030/2014 laying down implementing technical standards with regard to the uniform formats and date for the disclosure of the values used to identify global systemically important institutions according to Regulation (EU) No 575/2013 of the European Parliament and of the Council

(Text with EEA relevance)

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/20121, and in particular the third subparagraph of Article 441(2) thereof,

Whereas:

(1)
Commission Implementing Regulation (EU) No 1030/20142 specifies the uniform format for the disclosure of the indicator values used to identify global systemically important institutions (G-SIIs) in accordance with Article 131 of Directive 2013/36/EU of the European Parliament and of the Council3.
(2)

The disclosure templates used by institutions identified as G-SIIs in accordance with Article 131 of Directive 2013/36/EU should take into account international standards, particularly those issued by the Basel Committee on Banking Supervision (BCBS).

(3)

The template in the Annex to Implementing Regulation (EU) No 1030/2014 mirrors the one used by the BCBS for the data collection exercise for 2015.

(4)

The BCBS publishes an updated reporting template in January of each year. In order to promote global consistency in disclosure and transparency in the process of identification of G-SIIs, Regulation (EU) No 1030/2014 should be amended.

(5)

Given that the data collection for the identification process in 2016 starts in the first quarter of 2016 and institutions need clarity as to which data must be disclosed, this Regulation should enter into force immediately.

(6)

This Regulation is based on the draft implementing technical standards submitted by the European Banking Authority (EBA) to the Commission.

(7)
The EBA has conducted open public consultations on the draft implementing technical standards on which this Regulation is based, has analysed the potential related costs and benefits and requested the opinion of the Banking Stakeholder Group established in accordance with Article 37 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council4,

HAS ADOPTED THIS REGULATION: