D-SIBs

On 18 July, the European Banking Authority (EBA) opened a consultation on draft guidelines that aim at defining the identification process for banks that will be deemed as systemically important either at Member State or European Union level, the so called Other Systemically Important Institutions (O-SIIs) or Domestic Systemically Important Banks (D-SIBs) as named by the Basel Committee on Banking Supervision (BCBS). The EBA has been mandated by CRD IV to define the criteria for the European identification framework that is in line with the BCBS guidelines issued in October 2012. The consultation will be closed on 18 October 2014.