There have been 22 Brexit-related licensing procedures for credit institutions in the SSM as a whole, of which eight were for Germany. Of these, seven have since been finalised, and the remaining licence probably won’t be pursued. A further ten credit institution procedures concerned an expansion of business activities in the SSM under existing licences; three of these were in Germany.
41 licencing procedures concerned investment firms. Germany accounted for nine of them, all of which have been finalised. In addition, we have seen the Brexit-related establishment or expansion of seven branches of third country firms, five branches of banks domiciled in the European Economic Area and two financial holding companies in Germany.