EBA’s eye on 39 cross-border banks, says Natixis Equity Research

Natixis Equity Research has published the list of 39 European banks that will be required to develop and present crisis management plans to the European Banking Authority via their respective national regulatory authorities.

The plans are meant to detail how the banks would respond to a period of crisis.

Among the requirements, the plans will need to contain:

   – detailed information on the financial institution and its governance structure

   – a description of the options available to the institution should a crisis arise and an assessment of how these options would be exercised and the impact they would have

   – information on the measures that the institution intends to take to facilitate application of the plan in the event of a crisis.

The respective national authorities have until 23 March to submit feedback to the EBA on how they intend to comply with the recommendations it has issued on crisis resolution plans.

Natixis Equity Research commented: “Europe is following on from the US and Switzerland by demanding that its banks prepare crisis resolution plans. This is an important but purely technical step. More importantly, it remains to be seen what authority will be given the powers to ensure that the plans are implemented. One of the objectives of the proposed banking union is to entrust this role to a single oversight body that would be under the aegis of the ECB to limit national political interference. Yet, as things stand, national governments would still have an extensive role, notably in the financing of losses.”

Bank name National Competent Authority
Erste Group Bank AG Finanzmarktaufsicht (Financial Market Authority)
Raiffeisen Zentralbank AG
KBC Group NV Banque Nationale de Belgique (Central Bank of Belgium)
Dexia 5
Bank of Cyprus Public Company Limited Central Bank of Cyprus
Cyprus Popular Bank Public Co Ltd
Bayerische Landesbank Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Deutsche Bundesbank (Central Bank of Germany)
Commerzbank AG
Deutsche Bank AG
Deutsche Zentral-Genossenschaftsbank AG
Danske Bank A/S Finanstilsynet (Danish Financial Supervisory Authority)
Alpha Bank AE Bank of Greece
Eurobank Ergasias
National Bank of Greece
Piraeus Bank 16
Banco Bilbao Vizcaya Argentaria, SA Banco de España (Bank of Spain)
Banco Santander SA
BNP Paribas SA Autorité de Controle Prudentiel (ACP), Banque de France (Central Bank of France)
Crédit Agricole Group 20 Groupe BPCE
Société Générale SA
OTP Bank Nyrt. Hungarian Financial Supervisory Authority (HFSA)
Allied Irish Banks, Plc Central Bank of Ireland
Bank of Ireland
Intesa Sanpaolo SpA Banca d’Italia (Central Bank of Italy)
UniCredit SpA
ABN AMRO Group NV De Nederlandsche Bank (DNB)
ING Bank N.V.
Rabobank Group
DNB Bank ASA Finanstilsynet (Norwegian Financial Supervisory Authority)
Banco Comercial Português SA Banco de Portugal (Central Bank of Portugal)
Nordea Bank AB Finansinspektionen (Swedish Financial Supervisory Authority)   
Skandinaviska Enskilda Banken AB
Svenska Handelsbanken AB
Swedbank AB
Barclays Plc Financial Services Authority (FSA)   
HSBC Holdings Plc
Lloyds Banking Group Plc
Royal Bank of Scotland Group Plc
   
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