Financial Business

How we can qualify a bank as significant?

A bank could be qualified as significant if it answers one of the following criteria:

*Total assets exceeds 30 billion euro.

*Total assets over GDP of participant country exceeds 20%.

*Under notification of national competent authority.

*European central bank could choose a bank not filling this criteria.

*Cross borders banks.

*A bank asking or recieved financial assistance ( European Financial Stability Facility).

*in spite of this, the European central bank carry the conferred task for the three important credit institution in participating members.

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