Brussels, 14/07/2014 (Agence Europe) - A number of changes will be made to the list of systemic banks to be supervised directly by the ECB from 4 November of this year, which was expected to be released on Thursday 4 September.
“The final list will include banks with over €30 billion of assets as of end of 2013. There will be a few differences”, said the head of the Single Supervisory Mechanism of the ECB, Danièle Nouy, in an interview published by Il Sole 24 Ore on Friday 11 July. The banks currently covered by the ECB's asset assessment were identified on the basis of the threshold of €27 billion in assets managed as at the end of 2012. It will be the responsibility of the Supervisory Board of the ECB to decide, in early September, on the definitive list of banks. Nouy referred to a panel of around “120 groups comprising 1,200 institutions”. She went on to add that the banks not included in the prior assessment of their assets, but which will be directly affected by the single supervisory system, “will have to do a similar exercise later”.
She also stressed the key role of the future “joint supervisory teams”. These teams will be made up of between nine and ten people for the largest banks, including a coordinator based in Frankfurt, and will rely on national supervisors. (MB)