- ECB started directly supervising subsidiaries of UBS, J.P. Morgan, Morgan Stanley and Goldman Sachs in 2019 following Brexit relocations
- ECB to directly supervise Akcinė bendrovė Šiaulių bankas as third largest credit institution in Lithuania
- Other changes result from group reorganisations, regulatory changes, a licence withdrawal and other developments
The number of banks that will be directly supervised by the European Central Bank (ECB) from 1 January 2020 has decreased to 117 from 119 a year earlier following the annual review of significance and ad hoc assessments. The changes are the result of new group structures, a licence withdrawal, business relocations in view of Brexit, regulatory changes and other developments. While the number of significant institutions has fallen, banks directly supervised by the ECB are generally becoming larger and more complex as banking groups consolidate or relocate activities from the United Kingdom to the euro area.
One bank, Akcinė bendro
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