EBA outlines plan to update supervisory review and evaluation process framework

The EBA has published a roadmap outlining its plans to update the common European framework for the supervisory review and evaluation process (SREP) in 2017-2018.

The roadmap explains the multi-stage approach the EBA intends to follow in updating the EU SREP framework in 2017-2018 and beyond, and summarises the ongoing policy initiatives affecting Pillar 2 and SREP that will need to be reflected in the revised EBA guidelines on Pillar 2 topics.

In particular, the roadmap explains the approach that the EBA is planning to take in relation to:

• updating its guidelines on common procedures and methodology for SREP;
• updating its guidelines on technical aspects of the management of interest rate risk arising from non-trading activities in the context of the supervisory review process; and
• finalising its draft guidelines on stress testing and supervisory stress testing following public consultation.

The EBA intends to consult on the first revision of the SREP framework by November 2017, and to implement it by 2018.