17 December 2019 JC 2019 72

Joint Committee

List of Financial Conglomerates 2019

Financial conglomerates with head of group in the EU/EEA 1 2 3

Name of the Group Coordinator Relevant Competent Authorities (where different from the coordinator)

1. Wüstenrot Finanzmarktaufsichtsbehörde National Bank of Slovakia (Austria) HANFA (Croatia) (Croatia)

2. Alm. Brand Finanstilsynet () - (Article 3.3 applies3)

3. Lægernes Pension Finanstilsynet (Denmark) - (Article 3.3 applies3)

4. Finanstilsynet (Denmark) Finanstilsynet () Finansinspektionen () Finanssivalvonta () Prudential Regulation Authority (UK)

5. ABN AMRO Group European De Nederlandsche Bank N.V.4 () (Article 3.3 applies3) Autorité de Contrôle Prudentiel et de Résolution (France)

6. Banco Bilbao Dirección General de Seguros y Vizcaya Argentaria Fondos de Pensiones (Spain) S.A.(BBVA) (Article 3 applies3)

7. , European Central Bank Dirección General de Seguros y S.A. Fondos de Pensiones (Spain) (Article 3.3 applies3) Autoridade de Supervisão de Seguros e Fundos de Pensões (Portugal) Polish Financial Supervision Authority (Poland) Maltese Financial Services Authority (Malta) Central (Ireland)

1 For identification purposes, the most recent annual accounts provided by financial groups have been considered when making determinations as to their status as financial conglomerates. The list reflects information received by the Joint Committee of the European Supervisory Authorities up to 31 October 2019. 2 In the case where the Member State / ECB has chosen to supervise according to Articles 6 to 17 of Directive 2002/87/EC (FICOD) the regulated entities within a financial conglomerate which is the sub-group of another financial conglomerate, the (sub) financial conglomerate is included in the list. A reference is made to which financial conglomerate the sub-group is part of. Where the Member State/ECB has opted according to Article 5 (2) of Directive 2002/87/EC not to supervise a sub-group as a financial conglomerate, as it considers that the sub-group is part of another financial conglomerate to which the FICOD applies, the sub-group has not been included in the list. 3 The list includes groups for which a waiver, either in full or in part according to Article 3 or 3a of Directive 2002/87/EC applies. Where Article 3.3 or Article 3.3a, resp. of Directive 2002/87/EC applies, the relevant competent authorities have decided by common agreement not to regard the group as a financial conglomerate or, instead, the group in question has been identified as a financial conglomerate, but the coordinator and, where appropriate, the relevant competent authorities have decided that the group should not be subject to all requirements of supplementary supervision as required under Directive 2002/87/EC. 4 On 29 June 2019 ABN AMRO Group N.V. merged by absorption into ABN AMRO Bank N.V. 1

8. Bank of Ireland European Central Bank (Ireland) Group plc. Prudential Regulation Authority (UK)

9. Bank of Valletta European Central Bank Malta Financial Services Authority Group (Malta) (Article 3.3a applies3)

10. Banque Neuflize European Central Bank Autorité de Contrôle Prudentiel et de OBC Résolution (France)

11. Le Groupe European Central Bank Autorité de Contrôle Prudentiel et de Résolution (France)

12. Belfius Bank NV/SA European Central Bank (Belgium)

13. BNP Paribas Group European Central Bank Autorité de Contrôle Prudentiel et de Résolution (France) (Czech Republic) Magyar Nemzeti Bank (Hungary) Polish Financial Supervision Authority (Poland) Dirección General de Seguros y Fondos de Pensiones (Spain) Finansinspektionen (Sweden) Prudential Regulation Authority (UK)

14. Groupe Crédit European Central Bank Autorité de Contrôle Prudentiel et de Agricole Résolution (France)

15. Groupe Crédit Mutuel European Central Bank Autorité de Contrôle Prudentiel et de Résolution (France)

16. European Central Bank Istituto per la Vigilanza sulle Group Assicurazioni (Italy)

17. DZ Bank Gruppe European Central Bank Bundesanstalt für Finanzdienstleistungsaufsicht (Germany)

18. Groupe BPCE European Central Bank Autorité de Contrôle Prudentiel et de Résolution (France)

19. Grupo Ibercaja European Central Bank Dirección General de Seguros y Fondos de Pensiones (Spain)

20. CaixaBank S.A. European Central Bank Dirección General de Seguros y Fondos de Pensiones (Spain) Autoridade de Supervisão de Seguros e Fundos de Pensões (Portugal)

21. HSBC France European Central Bank Autorité de Contrôle Prudentiel et de Résolution (France) Prudential Regulation Authority (UK)

22. HSBC Bank Malta European Central Bank Malta Financial Services Authority plc (Malta)

23. European Central Bank Magyar Nemzeti Bank (Hungary) S.p.A. Istituto per la Vigilanza sulle Assicurazioni (Italy) Croatian National Bank (Croatia)

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24. INVESTAR and its European Central Bank National Bank of Belgium (Belgium) sub conglomerate Commission de Surveillance de Argenta Banken Secteur Financier (Luxembourg) Verzekeringsgroep (Argenta BVg)

25. KBC Group N.V. European Central Bank National Bank of Belgium (Belgium) Magyar Nemzeti Bank (Hungary) Czech National Bank (Czech Republic) (Bulgaria) Financial Services and Markets Authority (FSMA) (Belgium) 26. Monte dei Paschi di European Central Bank Istituto per la Vigilanza sulle Siena Banking Group Assicurazioni (Italy) (Article 3.3 applies3) 27. OP Financial Group European Central Bank Financial Supervisory Authority (Finland)

28. Coöperatieve European Central Bank De Nederlandsche Bank U.A. (Netherlands) (Article 3.3 applies3) 29. Société Générale European Central Bank Autorité de Contrôle Prudentiel et de Group Résolution (France) Bulgarian National Bank (Bulgaria) Czech National Bank (Czech Republic)

30. S.p.A. European Central Bank Istituto per la Vigilanza sulle (Article 3.3 applies3) Assicurazioni (Italy)

31. Bank Abp European Central Bank Finansinspektionen (Sweden)

32. Aktia Group Financial Supervisory - Authority (Finland)

33. LähiTapiola Group Financial Supervisory - Authority (Finland)

34. Sampo Group5 Financial Supervisory European Central Bank Authority (Finland) Finanstilsynet (Denmark) Finansinspektionen (Sweden) Finanstilsynet (Norway) Finantsinspektsioon ()

35. Taaleri Group Financial Supervisory - Authority (Finland)

36. AXA Autorité de Contrôle European Central Bank 3 (Article 3.3 applies ) Prudentiel et de Résolution Czech National Bank (Czech (France) Republic) Bundesanstalt für Finanzdienstleistungsaufsicht (Germany) (Greece) Central Bank of Ireland (Ireland) Istituto per la Vigilanza sulle Assicurazioni (Italy) Commissariat aux assurances (Luxembourg) Polish Financial Supervision Authority (Poland) Dirección General de Seguros y Fondos de Pensiones (Spain)

5 On 21 October 2019 the FIN-FSA ruled that Sampo Group is no longer supervised as a Financial Conglomerate 3

National Bank of Belgium (Belgium) Prudential Regulation Authority (UK) Financial Conduct Authority (UK) 37. NEHS Autorité de Contrôle - Prudentiel et de Résolution (France) 38. Compagnie Autorité de Contrôle - financière holding Mixte Milleis Prudentiel et de Résolution (France)

39. Allianz Bundesanstalt für Autorité de Contrôle Prudentiel et de Finanzdienstleistungsaufsicht Résolution (France) (Germany) Istituto per la Vigilanza sulle Assicurazioni (Italy)

40. DEBEKA Group Bundesanstalt für - Finanzdienstleistungsaufsicht (Germany)

41. Inter Group Bundesanstalt für - (Article 3.3a applies3) Finanzdienstleistungsaufsicht (Germany)

42. LVM Group Bundesanstalt für - (Article 3.3a applies3) Finanzdienstleistungsaufsicht (Germany)

43. Signal Iduna Gruppe Bundesanstalt für - Finanzdienstleistungsaufsicht (Germany)

44. Wüstenrot und Bundesanstalt für Czech National Bank (Czech Württembergische Finanzdienstleistungsaufsicht Republic) Group (Germany)

45. Generali Istituto per la Vigilanza sulle Finanzmarktaufsichtsbehörde Assicurazioni (Italy (Austria) Czech National Bank (Czech Republic) Autorité de Contrôle Prudentiel et de Résolution (France) Bundesanstalt für Finanzdienstleistungsaufsicht (Germany) Magyar Nemzeti Bank (Hungary) Banca d’Italia (Italy) Dirección General de Seguros y Fondos de Pensiones (Spain)

46. Unipol6 Istituto per la Vigilanza sulle Banca d’Italia (Italy) Assicurazioni (Italy)

47. Mediolanum Banca d’Italia (Italy) Istituto per la Vigilanza sulle Assicurazioni (Italy) Banco de España (Spain) Bundesanstalt für Finanzdienstleistungsaufsicht (Germany) Central Bank of Ireland (Ireland)

6 With regard to Unipol conglomerate, the current evaluation could be updated in accordance with Italian Legislative Decree no. 142/2005 taking into account the corporate transactions finalised in 2019 4

48. Achmea De Nederlandsche Bank Bank of Greece (Greece) (Netherlands)

49. Aegon De Nederlandsche Bank Prudential Regulation Authority (UK) (Netherlands) Financial Conduct Authority (UK) Magyar Nemzeti Bank (Hungary)

50. APG7 De Nederlandsche Bank - (Netherlands)

51. NN Group De Nederlandsche Bank Bank of Greece (Greece) (Netherlands) Polish Financial Supervision Authority (Poland) Magyar Nemzeti Bank (Hungary)

52. DNB Finanstilsynet (Norway) Commission de Surveillance de Secteur Financier (Luxembourg) Polish Financial Supervision Authority (Poland)

53. Jernbane- Finanstilsynet (Norway) - personalets

54. Storebrand Finanstilsynet (Norway) Finansinspektionen (Sweden)

55. Eika Group Finanstilsynet (Norway) -

56. KLP Finanstilsynet (Norway) -

57. PZU Group Polish Financial Supervision Lietuvos bankas () Authority – KNF (Poland) Financial and Capital Market Commission ()

58. Crédito Agrícola ( Portugal) Autoridade de Supervisão de (Article 3.3 a applies3) Seguros e Fundos de Pensões (Portugal)

59. Avanza Finansinspektionen (Sweden) -

60. Nordnet Finansinspektionen (Sweden) -

61. Länsförsäkringar Finansinspektionen (Sweden) -

62. SEB Finansinspektionen (Sweden) European Central Bank

63. Svenska Finansinspektionen (Sweden) - 64. Skandia Finansinspektionen (Sweden) -

65. Finansinspektionen (Sweden) -

66. Integrated Financial Financial Conduct Authority Prudential Regulation Authority (UK) Arrangements (UK)

67. Legal & General Financial Conduct Authority Prudential Regulation Authority (UK) Investment (UK) Management (Holdings) Limited (Article 3.3a applies3)

68. Invesco Group Financial Conduct Authority Prudential Regulation Authority (UK) (Article 3.3a applies3) (UK)

7 As per 1 May 2019, APG has sold its insurance activities and therefore no longer qualifies as a financial conglomerate from that date. This will be reflected in the updated list of financial conglomerates for 2020. 5

69. HSBC Prudential Regulation European Central Bank (Article 3.3a applies3) Authority (UK)

70. Lloyds Banking Prudential Regulation Group Authority (UK) Financial Conduct Authority (UK)

71. Quilter Prudential Regulation (Article 3.3a applies3) Authority (UK) Financial Conduct Authority (UK)

72. Sanlam Prudential Regulation Authority (UK) Financial Conduct Authority (UK)

73. Schroders Prudential Regulation (Article 3.3a applies3) Authority (UK) Financial Conduct Authority (UK)

74. The Carlyle Trust Prudential Regulation - Group Authority (UK)

75. Standard Life Financial Conduct Authority Prudential Regulation Authority (UK) Aberdeen Plc (UK) Central Bank of Ireland (Ireland) Bundesanstalt für Finanzdienstleistungsaufsicht (Germany) Finanstilsynet (Norway)

76. Grucajrural Banco de España Dirección General de Seguros y Inversiones, S.L. Fondos de Pensiones (Spain) Comisión Nacional del Mercado de Valores (Spain)

PRVA finančni Agencija za zavarovalni Banka Slovenije (Slovenia) 77. konglomerat nadzor (Slovenia) (Article 3.3a applies3)

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Financial conglomerates with head of group outside the EU/EEA 1,2,3

Head of Group in Switzerland

Name of Group Coordinator EU-level Relevant competent Authorities, where different from the coordinator

1. UBS8 European Central Bank Prudential Regulation Authority (UK) (Article 3.3 applies3) Financial Conduct Authority (UK)

Head of Group in the United States of America

Name of Group Coordinator EU-level Relevant competent Authorities, where different from the coordinator

1. Ameriprise Financial Conduct Authority Prudential Regulation Authority (UK) (UK)

Head of Group in Bermuda

Name of Group Coordinator EU-level Relevant competent Authorities, where different from the coordinator

1. Fidelity Financial Conduct Authority (UK) Prudential Regulation Authority (UK)

8 With regard to UBS conglomerate, the current evaluation could be updated taking into account the corporate transactions finalised in 2019. 7