Definition: Total number of financial subsidiaries broken down by location in other countries
Structural business statistics
'Subsidiary' shall mean a subsidiary undertaking as defined in Articles 1 and 2 of Council Direc-tive 83/349/EEC of 13 June 1983 based on Article 54 (3) (g) of the Treaty on consolidated ac-counts . All enterprises being in the scope of financial services enterprises (as defined in chapter 1.3 of the methodological manual for statistics on credit institutions) are be included.
Note: The following geographical breakdown of subsidiaries has to be used: Each single other Member State, Other EEA countries, Switzerland, USA, Japan, third countries (rest of the world). Only the first level of subsidiaries is taken into consideration.
Source:
Definition of SBS Regulation variables (11 51 0)
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