Decision (EU) 2015/839 of the European Central Bank of 27 April 2015 identifying the credit institutions that are subject to a comprehensive assessment (ECB/2015/21)
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.
2. Novo Banco, SA shall only be subject to the stress test part of the comprehensive assessment.
3. In accordance with Article 10 of Regulation (EU) No 1024/2013, the credit institutions identified in the Annex as subject to the comprehensive assessment shall submit all information of relevance to this assessment requested by the ECB.
Investigatory powers
1. In accordance with Article 11 of Regulation (EU) No 1024/2013, the ECB may exercise its investigatory powers in respect of the credit institutions identified in the Annex.
2. The ECB shall verify the information received from the credit institutions, including, where necessary, through on-site inspections, and shall be assisted by national competent authorities, where appropriate, with the involvement of third parties, in accordance with Articles 9 to 13 of Regulation (EU) No 1024/2013. The ECB may invite, whenever necessary, national competent authorities to appoint non-statutory auditors for the performance of the asset quality review as part of the comprehensive assessment.
Entry into force
This Decision shall enter into force on 6 May 2015.
Supplementary provisions
ANNEXSupplementary provisions
ANNEX
INSTITUTIONS INCLUDED IN THE COMPREHENSIVE ASSESSMENT
Belgium
Banque Degroof S.A.
France
Agence Française de Développement ( *1 )
Luxembourg
J.P. Morgan Bank Luxembourg S.A. ( *1 )
Malta
Mediterranean Bank plc ( *1 )
Austria
Sberbank Europe AG
VTB Bank (Austria) AG
Portugal
Novo Banco, SA (only for the stress test)
Slovenia
Unicredit Banka Slovenija d.d.
Finland
Kuntarahoitus Oyj (Municipality Finance plc) ( *1 )
( *1 ) Less significant institutions which may be reclassified as significant credit institutions based on data as of the accounting year end for the 2014 financial year.
Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.