ECB released the updated list of supervised entities in the EU, with the current number of significant supervised entities being 118. 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 (EU Regulation 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 September 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 If the authorization of a credit institution is withdrawn by ECB after the cut-off date, it will be marked by (#) in this list. While it is regularly reviewed whether an authorization of a listed bank is withdrawn, it should be noted that there might be a time gap between the withdrawal of the authorization and the time when the institution is marked with (#).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