ECB Updates List of Supervised Entities in EU in November 2019
ECB updated the list of supervised entities in EU, with the number of significant supervised entities being 116. 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 October 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. 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.
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Keywords: Europe, EU, Banking, Supervised Entities, Significant Credit Institutions, Less Significant Credit Institutions, Banking Supervision, SSM
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