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.
Definition of SBS Regulation variables (11 51 0)

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