ECB Updates List of Supervised Entities in EU in November 2021
The European Central Bank (ECB) updated the list of supervised entities in EU, with the number of significant supervised entities being 113 as of the October 01, 2021 cut-off date. The list of supervised entities 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 made to the list of significant supervised entities from the last update, and with effect from October 01, 2021, include the following:
- BANCA DI CREDITO COOPERATIVO DEL VELINO—Comune di Posta Provincia di Rieti—Società Cooperativa merged into Banca di Credito Cooperativo di Spello e Bettona Società cooperativa; this means that BANCA DI CREDITO COOPERATIVO DEL VELINO—Comune di Posta Provincia di Rieti—Società Cooperativa has ceased to exist and its name must be deleted from the list of significant supervised entities.
- Banca di Credito Cooperativo di Spello e Bettona Società cooperativa changed its name to Banca di Credito Cooperativo dell’Umbria e del Velino—Società’ Cooperativa; the name change of Banca di Credito Cooperativo di Spello e Bettona Società cooperativa to Banca di Credito Cooperativo dell’Umbria e del Velino—Società’ Cooperativa does not affect its status as a significant supervised entity.
- Banca del Gran Sasso d'Italia—Banca di Credito Cooperativo Società Cooperativa per azioni merged into Banco Marchigiano Credito Cooperativo; this means that Banca del Gran Sasso d'Italia—Banca di Credito Cooperativo Società Cooperativa per azioni has ceased to exist and its name must be deleted from the list of significant supervised entities.
- OTP Banka Slovensko, a.s. merged into Československá obchodná banka, a.s. As a result, OTP Banka Slovensko, a.s. ceased to exist and its name must be deleted from the list of significant supervised entities.
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Keywords: Europe, EU, Banking, SSM, Significant Credit Institutions, Less Significant Institutions, Banking Supervision, ECB
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