The governance rules set out in point 5.2.3. above are mutatis mutandis applicable to third country groups.

In accordance with Articles 218/1 and 218/2 of the Banking Law, third-country groups whose activities through subsidiaries in the European Union exceed the threshold of € 40 billion are required to establish an intermediate parent undertaking in the European Union. This requirement should allow for more comprehensive supervision of activities in the European Union and facilitate resolution. Where such an intermediate parent undertaking is established in the European Union, the rules applicable to EU banking groups apply.