ECB updated the list of supervised entities in EU, with the number of significant supervised entities being 115. The list contains the ECB-supervised institutions, which comprise the significant (part A) and less significant credit institutions (part B). The cut-off date for these changes is August 01, 2020.
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. 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.
Keywords: Europe, EU, Banking, SSM, Supervised Entities, Significant Credit Institutions, Less Significant Credit Institutions, Banking Supervision, ECB
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