COVID-19 updated SREP: Focus on ICAAP, ILAAP, Credit Risk, Cyber Security and Business Continuity 

The European Banking Authority published on July 23rd 2020 Guidelines for the Supervisory Review and Evaluation Process for the year 2020. These Guidelines come as a response to the publication of EBA’s statement on additional supervisory measures in relation to the COVID-19 pandemic.

The new Guidelines identify how flexibility and pragmatism could be exercised in relation to the SREP framework in the context of this world sanitary crisis.

This article provides further insight on the key aspects of SREP 2020.