EBA reviews the implementation of SREP guidelines but sees room for improvements

The European Banking Authority (EBA) published last May its annual Report on convergence of supervisory practices for 2021 and was keen to point out that Competent Authorities (CAs) made progress in the implementation of the EBA Guidelines on supervisory review and evaluation process (SREP). While the SREP framework remains robust and serves the purpose of ensuring the convergence of supervisory practices, further focus from banks and regulators on certain areas is deemed necessary to reinforce the framework in the light of recent developments in the EU and international fora.

In this alert, you will read more about the good and the bad from EBA’s review on SREP implementation and what are the hot topics banks should keep an eye on for 2022.