Commission Delegated Regulation (EU) 2016/1608 of 17 May 2016 amending Delegated Regulation (EU) No 1222/2014 with regard to regulatory technical standards for the specification of the methodology for the identification of global systemically important institutions and for the definition of subcategories of global systemically important institutions (Text with EEA relevance)

‘6 The decisions referred to in paragraphs 4 and 5 may be supported by ancillary data, which shall not be indicators of the probability that the relevant entity fails. Such decisions shall comprise well documented and verifiable quantitative and qualitative information.’;

1 The category measuring the size of the group shall consist of one indicator equal to the total exposure of the group.

2 The category measuring the interconnectedness of the group with the financial system shall consist of all of the following indicators: (a) intra-financial system assets; (b) intra-financial system liabilities; (c) securities outstanding.

3 The category measuring the substitutability of the services or of the financial infrastructure provided by the group shall consist of all of the following indicators: (a) assets under custody; (b) payments activity; (c) underwritten transactions in debt and equity markets.

4 The category measuring the complexity of the group shall consist of all of the following indicators: (a) notional amount of over-the-counter derivatives; (b) assets included in the level 3 of fair-value measured in accordance with Delegated Regulation (EU) No 1255/2012 ; (c) trading and available-for-sale securities.

5 The category measuring the cross border activity of the group shall consist of the following indicators: (a) cross-jurisdictional claims; (b) cross-jurisdictional liabilities.

6 For data reported in currencies other than the Euro, the relevant authority shall use an appropriate exchange rate taking into account the reference exchange rate published by the European Central Bank applicable on 31 December and international standards. For the payment activity indicator as referred to in paragraph 3(b), the relevant authority shall use the average exchanges rates for the relevant year.

This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.