IPU threshold monitoring 

IPU threshold monitoring is designed to ensure that third-country groups whose total value of assets within the European Economic Area (EEA) equals or exceeds the threshold of €40 billion fulfil their obligation to set up an intermediate EU parent undertaking (IPU) in the European Union pursuant to Article 21b CRD. Reporting is based on Decision of the European Banking Authority EBA/DC/441 concerning supervisory reporting for IPU threshold monitoring and the EBA Guidelines on the monitoring of the threshold and other procedural aspects on the establishment of intermediate EU parent undertakings (EBA/GL/2021/08).

IPU threshold monitoring reports include, in particular, the names and the total value of assets (calculated as an average over the last four quarters) of the supervised CRR institutions, investment firms and branches of third-country groups, the name and type of any IPU established in that Member State, and the total value of liabilities of third-country branches.

This reporting requirement is aimed at the competent authorities; there is no reporting obligation for institutions in Germany.

IPU quarterly assessment

To monitor the threshold at which an IPU must be established, certain EU parent institutions and stand-alone institutions of a third-country group, or the IPU once it has been set up, must monitor the total value of the assets of the third-country group in the EU as a whole on a quarterly basis (quarterly assessment). 

Institutions that have received a reporting order from BaFin pursuant to Section 24(3b) of the Banking Act (Kreditwesengesetz – KWG) or Section 68(1) of the Investment Firm Act (Gesetz zur Beaufsichtigung von Wertpapierinstituten – WpIG) for the purposes of the IPU quarterly assessment submit the IPU quarterly assessment as an Excel file to the Bundesbank’s NExt portal. Starting from the 30 September 2023 reporting date, the reports have been collected on a quarterly basis.