EBA updates SREP guidelines: ML/TF risks, P2 capital add-ons, IRRBB and liquidity risk

On 18th of March 2022, The European Banking Authority (EBA) issued final revised Guidelines on common procedures and methodologies for the supervisory review and evaluation process (SREP) and supervisory stress testing, aligning them with the Capital Requirements Directive (CRD V) and Capital Requirements Regulation (CRR II).

The guidelines will be translated into the official EU languages and published on the EBA website. The deadline for competent authorities to report whether they comply with the guidelines will be 2 months after the publication of the translations. The guidelines will apply from 1 January 2023.
In this alert you will read more about how the guidelines are compared with the previous version and about the main amendments.