Public funding of failing banks in the European Union
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Public funding of failing banks in the European Union (LBF vol. 19) 2020/4.3.4.3:4.3.4.3 Summary of material scope of BRRD and SRMR
Public funding of failing banks in the European Union (LBF vol. 19) 2020/4.3.4.3
4.3.4.3 Summary of material scope of BRRD and SRMR
Documentgegevens:
mr. M. Louisse-Read, datum 01-06-2020
- Datum
01-06-2020
- Auteur
mr. M. Louisse-Read
- JCDI
JCDI:ADS213828:1
- Vakgebied(en)
Financieel recht / Europees financieel recht
Staatssteun (V)
Deze functie is alleen te gebruiken als je bent ingelogd.
Taking into account the complexity of the material scope of the BRRD and SRMR, the below schedule summarizes this scope.
Table 5: Summary of material scope of BRRD and SRMR
BBRD
SRMR
Standalone banks1
Yes, if the bank is established in a Member State.
Yes, if the (significant or less-significant) bank is established in a participating Member State.
Standalone BRRD investment firms2
Yes, if the BRRD investment firm is established in a Member State.
No.
Banks that form part of a group (a banking group)
Yes, if the bank is established in a Member State.
Yes, if the (significant or less-significant) bank is established in a participating Member State.
BRRD investment firms that form part of a group
Yes, if the BRRD investment firm is established in a Member State.
Yes, if the BRRD investment firm is (a) established in a participating Member State and (b) covered by the consolidated supervision of the parent undertaking by the ECB (or the national competent authority on the basis of the SSMR).
Parent companies
Yes, if the parent company is established in a Member State.
Yes, if the parent company is (a) established in a participating Member State and (b) subject to consolidated supervision by the ECB (or the national competent authority on the basis of the SSMR).
Group companies of a group that includes at least one bank (a banking group)
Yes, if these group companies (a) qualify as financial institution, (b) are established in a Member State, and (c) are covered by the consolidated supervision of the parent undertaking in accordance with CRR.
Yes, if these group companies (a) qualify as BRRD investment firm or financial institution, (b) are established in a participating Member State, and (c) are covered by the consolidated supervision of the parent undertaking by the ECB (or the national competent authority on the basis of the SSMR).
Group companies of a group that includes at least one BRRD investment firm, but no bank (a non-banking group)
Yes, if these group companies (a) qualify as financial institution, (b) are established in a Member State, and (c) are covered by the consolidated supervision of the parent undertaking in accordance with CRR.
No.
Branches of third-country institutions
Yes, if the branch of the third-country institution is established in a Member State.
No.