Criteria for determining significance on the basis of the significance of cross-border activities of a supervised group
Article 59
1. A supervised group may be considered significant by the ECB on the basis of its cross-border activities only when the parent undertaking of a supervised group has established subsidiaries, which are themselves credit institutions, in more than one other participating Member State. 2. A supervised group may be considered significant by the ECB on the basis of its cross-border activities only if the total value of its assets exceeds EUR 5 billion and: (a) the ratio of its cross-border assets to its total assets is above 20 %; or (b) the ratio of its cross-border liabilities to its total liabilities is above 20 %. 3. Article 52(3) shall apply accordingly.