CELEX: 32014D0003(01)
Language: en
Date: 2014-02-04 00:00:00
Title: 2014/123/EU: Decision of the European Central Bank of 4 February 2014 identifying the credit institutions that are subject to the comprehensive assessment (ECB/2014/3)

8.3.2014   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               L 69/107
            
         
      DECISION OF THE EUROPEAN CENTRAL BANK
   
   of 4 February 2014
   identifying the credit institutions that are subject to the comprehensive assessment
   (ECB/2014/3)
   (2014/123/EU)
   THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
   Having regard to the Treaty on the Functioning of the European Union, and in particular Article 127(6) thereof,
   Having regard to Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions (1), and in particular Article 4(3) and Article 33(3) and (4) thereof,
   Having regard to the proposal from the Supervisory Board,
   Whereas:
   
               (1)
            
            
               From 3 November 2013, in view of the assumption of its supervisory tasks, the European Central Bank (ECB) may require the national competent authorities and the persons referred to in Article 10(1) of Regulation (EU) No 1024/2013 to provide all relevant information for the ECB to carry out a comprehensive assessment, including a balance-sheet assessment, of the credit institutions of the participating Member States. The ECB is required to carry out such an assessment at least in relation to the credit institutions not covered by Article 6(4) of Regulation (EU) No 1024/2013.
            
         
               (2)
            
            
               On 23 October 2013, the ECB published the names of institutions included in the comprehensive assessment as well as an initial overview of the key features of the comprehensive assessment.
            
         
               (3)
            
            
               Based on the criteria referred to in Article 6(4) of Regulation (EU) No 1024/2013, the ECB has identified credit institutions in respect of which it intends to carry out a comprehensive assessment, including a balance-sheet assessment, in accordance with Article 33(4) of Regulation (EU) No 1024/2013. In applying the above criteria, the ECB has taken into account possible changes that may occur at any time owing to the dynamics of the activities of credit institutions and the resulting consequences for the total value of their assets. As a result, it has included credit institutions that currently do not meet the criteria for significance but may do so in the near future and should be subject therefore to the comprehensive assessment. The ECB will therefore undertake a comprehensive assessment with respect to credit institutions, financial holding companies or mixed financial holding companies the total value of whose assets exceeds EUR 27 billion. Notwithstanding the above criteria, the ECB will also undertake the comprehensive assessment with respect to the three most significant institutions in each of the euro area Member States. The identification of credit institutions on which the ECB intends to carry out comprehensive assessments is without prejudice to the final assessment of the criteria that is based on the specific methodology included in the framework referred to in Article 6 of Regulation (EU) No 1024/2013.
            
         
               (4)
            
            
               The credit institutions and the national competent authorities are required to supply all relevant information for the ECB to carry out the comprehensive assessment in accordance with Article 33(4) of Regulation (EU) No 1024/2013.
            
         
               (5)
            
            
               The ECB may require the national competent authorities and the persons referred to in Article 10(1) of Regulation (EU) No 1024/2013 to provide all relevant information for the ECB to carry out such a comprehensive assessment.
            
         
               (6)
            
            
               Members of the Supervisory Board, staff of the ECB and staff seconded by participating Member States are subject to professional secrecy requirements set out in Article 37 of the Statute of the European System of Central Banks and of the European Central Bank and relevant Union law. In particular, the ECB and national competent authorities are subject to the provisions regarding the exchange of information and professional secrecy set out in Directive 2013/36/EU of the European Parliament and of the Council (2),
            
         HAS ADOPTED THIS DECISION:
   Article 1
   Entities subject to the comprehensive assessment
   1.   The entities listed in the Annex shall be subject to the comprehensive assessment to be carried out by the ECB by 3 November 2014.
   2.   In accordance with Article 33(4) of Regulation (EU) No 1024/2013, the national competent authority responsible for the supervision of a credit institution listed in the Annex shall submit all information of relevance to the comprehensive assessment that the ECB requests in relation to that credit institution. The national competent authority shall verify the information as it deems appropriate for the exercise, including, when necessary, on-site inspections and, if appropriate, with the involvement of third parties.
   3.   The national competent authority responsible for supervision of subsidiaries in a group that is subject to consolidated supervision within the Single Supervisory Mechanism shall be in charge of this verification for the subsidiaries authorised in its Member State.
   Article 2
   Investigatory powers
   In accordance with Article 33(3) and (4) of Regulation (EU) No 1024/2013, the ECB may exercise its investigatory powers in respect of the credit institutions identified in the Annex.
   Article 3
   Entry into force
   This Decision shall enter into force on 6 February 2014.
   
      Done at Frankfurt am Main, 4 February 2014.
      
         
            The President of the ECB
         
         Mario DRAGHI
         
      
   
   
      (1)  OJ L 287, 29.10.2013, p. 63.
   
      (2)  Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (OJ L 176, 27.6.2013, p. 338).
   
      ANNEX
      
         INSTITUTIONS INCLUDED IN THE COMPREHENSIVE ASSESSMENT
      
      
         Belgium
      
      AXA Bank Europe SA
      Belfius Banque SA
      Dexia NV (1)
      
      Investar (Holding of Argenta Bank- en Verzekeringsgroep)
      KBC Group NV
      The Bank of New York Mellon SA
      
         Germany
      
      Aareal Bank AG
      Bayerische Landesbank
      Commerzbank AG
      DekaBank Deutsche Girozentrale
      Deutsche Apotheker- und Ärztebank eG
      Deutsche Bank AG
      DZ Bank AG Deutsche Zentral-Genossenschaftsbank
      HASPA Finanzholding
      HSH Nordbank AG
      Hypo Real Estate Holding AG
      IKB Deutsche Industriebank AG
      KfW IPEX-Bank GmbH
      Landesbank Baden-Württemberg
      Landesbank Berlin Holding AG
      Landesbank Hessen-Thüringen Girozentrale
      Landeskreditbank Baden-Württemberg-Förderbank
      Landwirtschaftliche Rentenbank
      Münchener Hypothekenbank eG
      Norddeutsche Landesbank-Girozentrale
      NRW.Bank
      SEB AG
      Volkswagen Financial Services AG
      WGZ Bank AG Westdeutsche Genossenschafts-Zentralbank
      Wüstenrot & Württembergische AG with regard to Wüstenrot Bank AG Pfandbriefbank and Wüstenrot Bausparkasse AG
      
         Estonia
      
      AS DNB Bank
      AS SEB Pank
      Swedbank AS
      
         Ireland
      
      Allied Irish Banks plc
      Merrill Lynch International Bank Limited
      Permanent tsb plc
      The Governor and Company of the Bank of Ireland
      Ulster Bank Ireland Limited
      
         Greece
      
      Alpha Bank, S.A.
      Eurobank Ergasias, S.A.
      National Bank of Greece, S.A.
      Piraeus Bank, S.A.
      
         Spain
      
      Banco Bilbao Vizcaya Argentaria, S.A.
      Banco de Sabadell, S.A.
      Banco Financiero y de Ahorros, S.A.
      Banco Mare Nostrum, S.A.
      Banco Popular Español, S.A.
      Banco Santander, S.A.
      Bankinter, S.A.
      Caja de Ahorros y M.P. de Zaragoza, Aragón y Rioja
      Caja de Ahorros y Pensiones de Barcelona
      Caja España de Inversiones, Salamanca y Soria, CAMP
      Cajas Rurales Unidas, Sociedad Cooperativa de Crédito
      Catalunya Banc, S.A.
      Kutxabank, S.A.
      Liberbank, S.A.
      MPCA Ronda, Cádiz, Almería, Málaga, Antequera y Jaén
      NCG Banco, S.A.
      
         France
      
      Banque Centrale de Compensation (LCH Clearnet)
      Banque PSA Finance
      BNP Paribas
      C.R.H. — Caisse de Refinancement de l’Habitat
      Groupe BPCE
      Groupe Crédit Agricole
      Groupe Crédit Mutuel
      HSBC France
      La Banque Postale
      BPI France (Banque Publique d’Investissement)
      RCI Banque
      Société de Financement Local
      Société Générale
      
         Italy
      
      Banca Carige S.P.A. — Cassa di Risparmio di Genova e Imperia
      Banca Monte dei Paschi di Siena S.p.A.
      Banca Piccolo Credito Valtellinese, Società Cooperativa
      Banca Popolare Dell’Emilia Romagna — Società Cooperativa
      Banca Popolare Di Milano — Società Cooperativa A Responsabilità Limitata
      Banca Popolare di Sondrio, Società Cooperativa per Azioni
      Banca Popolare di Vicenza — Società Cooperativa per Azioni
      Banco Popolare — Società Cooperativa
      Credito Emiliano S.p.A.
      Iccrea Holding S.p.A
      Intesa Sanpaolo S.p.A.
      Mediobanca — Banca di Credito Finanziario S.p.A.
      UniCredit S.p.A.
      Unione Di Banche Italiane Società Cooperativa Per Azioni
      Veneto Banca S.C.P.A.
      
         Cyprus
      
      Bank of Cyprus Public Company Ltd
      Cooperative Central Bank Ltd
      Hellenic Bank Public Company Ltd
      Russian Commercial Bank (Cyprus) Ltd
      
         Latvia
      
      ABLV Bank, AS
      AS SEB banka
      Swedbank
      
         Luxembourg
      
      Banque et Caisse d’Epargne de l’Etat, Luxembourg
      Clearstream Banking S.A.
      Precision Capital S.A. (Holding of Banque Internationale à Luxembourg and KBL European Private Bankers S.A.)
      RBC Investor Services Bank S.A.
      State Street Bank Luxembourg S.A.
      UBS (Luxembourg) S.A.
      
         Malta
      
      Bank of Valletta plc
      HSBC Bank Malta plc
      
         Netherlands
      
      ABN AMRO Bank N.V.
      Bank Nederlandse Gemeenten N.V.
      Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.
      ING Bank N.V.
      Nederlandse Waterschapsbank N.V.
      The Royal Bank of Scotland N.V.
      SNS Bank N.V.
      
         Austria
      
      BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG
      Erste Group Bank AG
      Raiffeisenlandesbank Oberösterreich AG
      Raiffeisenlandesbank Niederösterreich-Wien AG
      Raiffeisen Zentralbank Österreich AG
      Österreichische Volksbanken-AG together with credit institutions affiliated in accordance with Article 10 of Regulation (EU) No 575/2013 of the European Parliament and of the Council (2)
      
      
         Portugal
      
      Banco BPI, SA
      Banco Comercial Português, SA
      Caixa Geral de Depósitos, SA
      Espírito Santo Financial Group, SA
      
         Slovenia
      
      Nova Kreditna Banka Maribor d.d.
      Nova Ljubljanska banka d. d., Ljubljana
      SID — Slovenska izvozna in razvojna banka, d.d., Ljubljana
      
         Finland
      
      Danske Bank Oyj
      Nordea Bank Finland Abp
      OP-Pohjola Group
      
         Cases in which one or more of the three most significant credit institutions in a participating Member State are subsidiaries of banking groups already included in the list above:
      
      
         Malta
      
      Deutsche Bank (Malta) Ltd
      
         Slovakia
      
      Slovenská sporiteľňa, a.s.
      Všeobecná úverová banka, a.s.
      Tatra banka, a.s.
      
         (1)  The assessment methodology for this group will take due account of its specific situation and in particular the fact that an extensive assessment of its financial position and risk profile was already carried out within the framework of the plan initiated in October 2011 and approved by the European Commission on 28 December 2012.
      
         (2)  Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1).