Competent authorities are required to disclose the general criteria and methodologies they use in the Supervisory Review and Evaluation Process set out in Article 97 of Directive 2013/36/EU.
The Supervisory Review and Evaluation Process (SREP) is part of the larger Supervisory Review Process. The competent authority conducts the SREP. It is a comprehensive process, which supervisors use to review and evaluate an institution's exposure to risks. The Internal Capital Adequacy Assessment Process (ICAAP) and the Internal Liquidity Adequacy Assessment Process (ILAAP) are another additional two elements of a Supervisory Review. Institutions conduct ICAAPs and ILAAPs, which allow them to ensure they make adequate provisions with respect to the holding of internal capital and internal liquidity in relation to their risk profile.
SUPERVISORY REVIEW AND EVALUATION PROCESS (SREP) PDF
Links
- Regulation (EU) No 575/2013 on prudential requirements for credit institutions and investment firms
- Commission Implementing Regulation (EU) No 650/2014 laying down implementing technical standards with regard to the format, structure, contents list and annual publication date of the information to be disclosed by competent authorities in accordance with Directive 2013/36/EU of the European Parliament and of the Council
- Commission Implementing Regulation (EU) 2019/912 amending Implementing Regulation (EU) No 650/2014 laying down implementing technical standards with regard to the format, structure, contents list and annual publication date of the information to be disclosed by competent authorities in accordance with Directive 2013/36/EU of the European Parliament and of the Council
- EBA, Guidelines on common procedures and methodologies for the supervisory review and evaluation process (SREP), EBA/GL/2014/13
- EBA, Revised Guidelines on common procedures and mehtodologies for the supervisory review and evaluation process (SREP) and supervisory stress testing, amending EBA/GL/2014/13
- EBA Guidelines on common procedures and methodologies for the supervisory review and evaluation process (SREP) and supervisory stress testing under Directive 2013/36/EU, EBA/GL/2022/03
- EBA, Supervisory Disclosure, Supervisory Review
- EBA, Guidelines on ICAAP and ILAAP information collected for SREP purposes, (EBA/GL/2016/10)
- EBA, Guidelines on institutions' stress testing, (EBA/GL/2018/04)
- EBA, Guidelines on triggers for use of early intervention measures pursuant to Article 27(4) of Directive 2014/59/EU, (EBA/GL/2015/03)
- EBA, Guidelines on the interpretation of the different circumstances when an institution shall be considered as failing or likely to fail under Article 32(6) of Directive 2014/59/EU, (EBA/GL/2015/07)
Croatian regulations
- Credit Institutions Act (OG 159/2013, 19/2015, 102/2015, 15/2018, 70/2019, 47/2020, 146/2020 and 151/2022)
- Decision on the method of exercising supervision of credit institutions and imposing supervisory measures (OG 87/2021)
- Decision on the internal capital adequacy assessment process for credit institutions (OG 20/2014 and 126/2017)
Other systemically important credit institutions