ECB Updates List of Supervised Entities in EU in August 2021
The European Central Bank (ECB) updated the list of supervised entities in EU, with the number of significant supervised entities amounting to 114 as of the July 01, 2021 cut-off date. Changes have been made with respect to 10 entities. 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 made to the list of significant supervised entities from the last update, and with effect from July 01, 2021, include the following:
- Cassa Rurale di Rovereto - Banca di Credito Cooperativo - Società cooperativa merged into Cassa Rurale Alto Garda - Banca di Credito Cooperativo - Società Cooperativa; this means that Cassa Rurale di Rovereto - Banca di Credito Cooperativo - Società cooperativa has ceased to exist and therefore its name must be deleted from the list of significant supervised entities.
- Banca di Credito Cooperativo Monopoli - Società Cooperativa merged into Banca di Credito Cooperativo di Alberobello e Sammichele di Bari - Società Cooperativa; as a result, Banca di Credito Cooperativo Monopoli - Società Cooperativa has ceased to exist and therefore its name must be deleted from the list of significant supervised entities.
- BANCA DI CREDITO COOPERATIVO DI TURRIACO - SOCIETÀ COOPERATIVA merged into Credito Cooperativo - Cassa Rurale ed Artigiana del Friuli-Venezia Giulia (abbreviato Cassa Rurale FVG) - Società cooperativa; as a result, BANCA DI CREDITO COOPERATIVO DI TURRIACO - SOCIETÀ COOPERATIVA has ceased to exist and therefore its name must be deleted from the list of significant supervised entities.
- Cassa Rurale ed Artigiana di Vestenanova - Credito Cooperativo - Società Cooperativa merged into BANCA ALTO VICENTINO- Credito Cooperativo di Schio, Pedemonte e Roana - Società Cooperativa; as a result, Cassa Rurale ed Artigiana di Vestenanova - Credito Cooperativo - Società Cooperativa has ceased to exist and therefore its name must be deleted from the list of significant supervised entities.
- Deutsche Hypothekenbank (Actien-Gesellschaft) merged by absorption into Norddeutsche Landesbank - Girozentrale -; as a result Deutsche Hypothekenbank (Actien-Gesellschaft) ceased to exist and therefore its name must be deleted from the list of significant supervised entities.
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Keywords: Europe, EU, Banking, SSM, Supervised Entities, Significant Credit Institutions, Less Significant Credit Institutions, Banking Supervision, ECB
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