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) is another element of a Supervisory Review. Institutions conduct ICAAPs, which allow them to ensure they make adequate provisions with respect to the holding of internal capital in relation to their risk profile.
SUPERVISORY REVIEW AND EVALUATION PROCESS (SREP) PDF
- Regulation (EU) No 575/2013 on prudential requirements for credit institutions and investment firms
- EBA, Guidelines on common procedures and methodologies for the supervisory review and evaluation process (SREP), EBA/GL/2014/13
- 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
- EBA, Supervisory Disclosure, Supervisory Review
- Credit Institutions Act (OG 159/2013, 19/2015 and 102/2015)
- Decision on the method of exercising supervision of credit institutions and imposing supervisory measures (OG 23/2014 and 55/2014)
- Decision on the internal capital adequacy assessment process for credit institutions (OG 20/2014)