Empowering financial resilience: the new SREP era

On 28th of May, Claudia Buch, Chair of the Supervisory Board of the European Central Bank (ECB) announced that the Supervisory Board has decided on a reform of its Supervisory Review and Evaluation Process (SREP). The new SREP will be adapted to increase efficiency and effectiveness, building on and going beyond changes that have been implemented in recent years, such as a new risk tolerance framework. Changes will be implemented gradually, starting in the second half of 2024, and will be finalised for the 2026 SREP cycle.
In this alert, you will read more about regulatory background and ECB Supervisory Board goals for the new SREP.