Tag: O-SII
All Change Please!! First Look at New EBA Investment Firm Prudential Framework
Introduction On 29 September 2017, the European Banking Authority (EBA) published an opinion on the design of a new prudential framework for investment firms. The new regime will apply to all MiFID firms, including those that will be brought into scope by MiFID II. The EBA makes a total of 62 recommendations in the following […]
PRA Consults on O-SII Identification
On 19 October 2015, the Prudential Regulation Authority (PRA) published a consultation paper detailing the criteria and scoring methodology it proposes to use to identify “other systemically important institutions” (O-SIIs)[1] – firms whose distress or failure would have a systemic impact on the UK or the EU economy or financial system. The consultation period remains […]
EBA’s guess is 200 O-SIIs
On 18 July 2014, the EBA published a Consultation Paper on the Guidelines to assess other systemically important institutions (O-SIIs). O-SIIs represent the EU implementation of the BCBS’ domestic systemically important banks (D-SIBs). Contrary to G-SIBs, the D-SIBs classification allows for considerable discretion by national authorities. Accordingly, a basket of optional indicators is available in […]