The ECB maintains a list of all significant banks under its direct supervision and less significant banks under its indirect supervision.
The list of supervised entities is updated regularly and reflects all decisions on bank significance that entered into force before the relevant cut-off date.
Introduction to the list (including its legal basis)
The ECB reviews the significance status of all banks under European banking supervision every year. It also carries out ad hoc assessments during the year whenever necessary, for instance in the context of the granting of authorisations (licensing), the withdrawal of authorisations, or when changes occur in the structure of a group.
The 2020 annual review resulted in the following changes in the list of significant entities:
Detailed information on changes resulting from the annual review
Beyond the annual review, Bulgaria’s and Croatia’s move to join European banking supervision in 2020 led to five Bulgarian banks and eight Croatian banks being newly classified as significant. In addition, a methodological change aimed at avoiding double counting led to three banks being excluded from the list of significant banks.
In the SSM Framework Regulation, the types of supervised banks are referred to as: