ECB released the updated list of supervised entities in the EU, with the current number of significant supervised entities being 119. The list displays the significant (part A) and less significant credit institutions (part B), which are supervised entities.
ECB reviews certain parameters that determine whether a credit institution or a group fulfills any of the significance criteria according to the SSM Framework Regulation (Regulation (EU) No 468/2014). In the SSM Framework Regulation, the types of supervised banks are referred to as credit institutions, financial holding companies, mixed financial holding companies, and branches of credit institutions established in non-participating member states. ECB updates this list regularly and the list reflects status of banks at the given cut-off date. The current cut-off date for significance decisions is July 01, 2018. This date does not necessarily coincide with the date of the actual decision on a bank’s significance.
The list is compiled on the basis of significance decisions adopted and notified by ECB that refer to events that became effective up to the cut-off date. If the authorization of a credit institution is withdrawn by ECB after the cut-off date, it will be marked by (#) in this list. While it is regularly reviewed whether an authorization of a listed bank is withdrawn, it should be noted that there might be a time gap between the withdrawal of the authorization and the time when the institution is marked with (#). Furthermore, it should be noted that other reasons for the ending of the authorization as credit institution than the withdrawal of the authorization will only be reflected in the list after the next cut-off date.
Keywords: Europe, EU, Banking, Supervised Entities, Significant Credit Institutions, Less Significant Credit Institutions, SSM, ECB
Previous ArticleEC Publishes the Work Program for 2019
EBA published a report analyzing the impact of the unwind mechanism of the liquidity coverage ratio (LCR) for a sample of European banks over a three-year period, from the end of 2016 to the first quarter of 2020.
In response to questions from a member of the European Parliament, the ECB President Christine Lagarde issued a letter clarifying the possibility of amending the AnaCredit Regulation and making targeted longer-term refinancing operations (TLTROs) dependent on the climate-related impact of bank loans.
IASB started the post-implementation review of the classification and measurement requirements in IFRS 9 on financial instruments and added the review as a project to its work plan.
FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions.
EBA published a report on the benchmarking of national loan enforcement frameworks across 27 EU member states, in response to the call for advice from EC.
FSB published a letter from its Chair Randal K. Quarles, along with two reports exploring various aspects of the market turmoil resulting from the COVID-19 event.
RBNZ launched a consultation on the details for implementing the final Capital Review decisions announced in December 2019.
The Trustees of the IFRS Foundation, which are responsible for the governance and oversight of IASB, have announced the appointment of Dr. Andreas Barckow as the IASB Chair, effective July 2021.
HKMA issued a letter to consult the banking industry on a full set of proposed draft amendments to the Banking (Capital) Rules for implementing the Basel standard on capital requirements for banks’ equity investments in funds in Hong Kong.
ESRB published an opinion assessing the decision of Swedish Financial Supervisory Authority (FSA) to extend the application period of a stricter measure for residential mortgage lending, in accordance with Article 458 of the Capital Requirements Regulation (CRR).