Regulatory Glossary

This glossary contains terms and abbreviations in the field of regulatory reporting. It should help you to get a quick and general overview of the respective terms.

G-SIBs Global Systemically Important Banks

Global Systemically Important Banks (G-SIBs) are financial institutions with such a large influence, that if they would get into difficulties, this would lead to problems for the global financial system. At the moment there are 30 banks classified into this category.

Link to the BCBS' website

GAAPs Generally accepted accounting principles

The Generally Accepted Accounting Principles (GAAPs) are partly written, partly unwritten rules concerning accounting and balancing. They should protect especially creditors and business owners against misinformation, incorrect data and potential losses. The GAAPs are also important for FinRep national GAAP.

Link to the ENISA's website

GLEIS Global Legal Entity Identifier System

The Global Legal Entity Identifier System (GLEIS) refers to the total system, where each participant of the financial markets receives a Legal Entity Identifier (LEI) from the Legal Entity Identifier Regulatory Oversight Committee (LEI ROC).

Link to the LEI ROC's website

GroMiKV Großkredit- und Millionenkreditverordnung (German Regulation on Large Loan Exposures and Million Loans)

The German Regulation on Large Loan Exposures and Million Loans (German: Großkredit- und Millionenkreditverordnung; GroMiKV) is a German regulation of the Federal Financial Supervisory Authority (BaFin) concerning collection, measurement, weighting and reporting of Large Exposures and million loans.

GVK Gruppen Verbundener Kunden (Groups of Connected Clients)

Groups of Connected Clients (German: Gruppe Verbundener Kunden; GVK) are entities of at least two natural or legal persons, where one of the persons has the direct or indirect control of the other persons of the group or where the persons are financially dependent, so that financial problems of one person would lead to financial problems of the others. The legal framework is embedded in the Capital Requirements Regulation (CRR I).


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