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    ECB Updates List of Supervised Entities in EU in April 2022

    May 13, 2022

    The European Central Bank (ECB) updated the list of supervised entities in the European Union. As of the April 01, 2022 cut-off date, the number of significant supervised entities have decreased from 115 to 111. Out of the 26 updated supervised entities, 9 entities have changed their name, 8 entities have been deleted from the list, 2 entities have been reclassified as less significant institutions, and the remaining either got merged or became part of the significant supervised group headed by parent entity.

    The list of supervised entities contains the ECB-supervised institutions, which comprise the significant (Part A) and less significant credit institutions (Part B). The table in Part A, which presents the list of significant institutions, also contains a column that provides the rationale for significance. The key changes to the list of significant supervised entities from the last update include the following:

    • The entities that have changed its name include MFF, Natixis Payment Solutions, Société Financière pour le Développement de la Réunion (S.O.F.I.D.E.R.), CA Indosuez Wealth (France), CASSA RURALE ED ARTIGIANA DI CORTINA D'AMPEZZO E DELLE DOLOMITI - Credito Cooperativo - Società cooperativa, Banca di Credito Cooperativo di Spello e del Velino – Società Cooperativa, Cassa di Trento, Lavis, Mezzocorona e Valle di Cembra - Banca di Credito Cooperativo - Società cooperativa, Banca di Verona e Vicenza - Credito Cooperativo – Società cooperativa, and Banca di Taranto - Banca di Credito Cooperativo - Società cooperative.
    • The entities that have been deleted from the list of significant supervised entities include J.P. Morgan Bank Luxembourg S.A, IW Bank S.p.A, Cassa Rurale Alta Vallagarina e Lizzana - Banca di Credito Cooperativo – Società cooperativa, CEREABANCA 1897 - Credito Cooperativo - Società cooperativa, Banca di Credito Cooperativo di Massafra - Società cooperativa, Banque Degroof Petercam France S.A., Precision Capital S.A., and Banque Puilaetco Dewaay Luxembourg S.A.
    • The entities that have been reclassified as less significant institution include Banque Degroof Petercam SA; Bank Degroof Petercam NV; and Banque Degroof Petercam Luxembourg S.A.
    • J.P. Morgan Bank Luxembourg S.A. and J.P. Morgan Bank (Ireland) plc. have merged into J.P. Morgan AG.

     

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    Keywords: Europe, EU, Banking, Basel, Reporting, SSM, Supervised Entities, Significant Credit Institutions, Less Significant Credit Institutions, Banking Supervision, ECB

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