- Question ID
-
2015_2223
- Legal act
- Directive 2014/59/EU (BRRD)
- Topic
- Resolution financing arrangements
- Article
-
103
- Paragraph
-
7
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Delegated Regulation (EU) 2015/63 - DR on ex ante contributions to resolution financing arrangements
- Article/Paragraph
-
5(1)(f)
- Name of institution / submitter
-
Swedish National Debt Office
- Country of incorporation / residence
-
Sweden
- Type of submitter
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Competent authority
- Subject matter
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Promotional banks
- Question
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Is there a list of all EU institutions qualifying for the notion of "promotional bank"?
- Background on the question
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Pursuant to Article 5(1)(f) of the Delegated Act on contributions to the resolution fund, promotional banks and their intermediaries might deduct certain liabilities form their contribution bases. For the purpose of being able to properly asses which deductions should be allowed for, we would need to know which institutions in the EU that qualify as such promotional banks (not that we have many of them domiciled in Sweden but it might be that they extent their loans through Swedish institutions, in which case those institutions might eligibly call for a deduction in their capacities as intermediaries). Hence, does the EBA, or the Commission for that matter, have a list of these promotional banks? If not, are there any plans of compiling such a list?
- Submission date
- Final publishing date
-
- Final answer
-
No, the Commission did not draft such a list and there is no plan in this respect for the time being.
The assessment of whether a bank falls in the definition of promotional bank has to be derived on a case-by-case basis from the definitions contained in Articles 3(27) and 3(28) of the Commission Delegated Regulation 2015/63.Disclaimer:
This question goes beyond matters of consistent and effective application of the regulatory framework. A Directorate General of the Commission (Directorate General Financial Stability, Financial Services and Capital Markets Union) has prepared the answer, albeit that only the Court of Justice of the European Union can provide definitive interpretations of EU legislation. This is an unofficial opinion of that Directorate General, which the European Banking Authority publishes on its behalf. The answers are not binding on the European Commission as an institution. You should be aware that the European Commission could adopt a position different from the one expressed in such Q&As, for instance in infringement proceedings or after a detailed examination of a specific case or on the basis of any new legal or factual elements that may have been brought to its attention.
- Status
-
Final Q&A
- Answer prepared by
-
Answer prepared by the European Commission because it is a matter of interpretation of Union law.
- Note to Q&A
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Update 26.03.2021: This Q&A has been reviewed in the light of the changes introduced to Directive 2014/59/EU (BRRD) and continues to be relevant.