ECB Updates List of Supervised Entities Under SSM Framework
ECB updated a list that contains significant supervised entities under the direct ECB supervision (part A) as well as the less significant supervised entities under the indirect ECB supervision (Part B). The number of significant institutions directly supervised by ECB stands at 116. The list has been compiled on the basis of significance decisions that have been adopted and notified by ECB to the supervised entity and that have become effective up to the cut-off date of September 01, 2019.
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 (EU Regulation No 468/2014). In the SSM framework, the types of supervised banks are referred to as credit institutions, financial holding companies, mixed financial holding companies, and a branch established in a participating member state by a credit institution that is established in a non-participating member state. ECB updates the list of supervised entities regularly and the list reflects status of banks at the given cut-off date. This date does not necessarily coincide with the date of the actual decision on the significance of a bank.
Related Link: List of Supervised Entities (PDF)
Keywords: Europe, EU, Banking, Banking Supervision, SSM, Significant Institutions, Less Significant Institutions, ECB
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