On disclosure of systemic importance indicators
OREANDA-NEWS. Since 2011, at the request of the Bank of Russia, Sberbank has been participating annually in completing the questionnaire of the Basel Committee on Banking Supervision (BCBS) aimed at creating a list of global systemically important banks - banks for which the amount of total assets for calculating the financial leverage is over EUR 200 bln. Sberbank is the only bank representing Russia which participates in the survey.
Participation in the BCBS survey is an analytical measure whose only objective is to create a list of systemically important banks within the context of the international system of finance. The results of this participation - indicators of global systemic importance - are not a characterization of the financial state of the bank participating in the survey. Detailed information on the methodology of the assessment of global systemic importance and the history of the conducting of this survey can be found on the Basel Committee's website (http://www.bis.org/bcbs/gsib). The final list of global systemically important organizations is published on the website of the Financial Stability Board (http://www.financialstabilityboard.org/publications).
Since 2015, BCBS's approaches with respect to the format of participation of the biggest global banks in creating a list of global systemically important banks involve mandatory disclosure by the banks participating in the survey of information about systemic importance indicators. In accordance with the requirements of BCBS and the Bank of Russia, Sberbank is disclosing data on systemic importance indicators. The indicators were calculated based on data for the preparation of Sberbank Group's IFRS-compliant consolidated financial statements for 2014 and on public information about securities issued. Survey results were submitted to the Bank of Russia, which forwarded them to BCBS.
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