11 April, 2017
The European Banking Authority (EBA) issued today a roadmap outlining its plans to update the common European framework for the supervisory review and evaluation process (SREP) in 2017-2018. The roadmap explains the multi-stage approach the EBA intends to follow in updating the EU SREP framework in 2017-2018 and beyond, and summarises the ongoing policy initiatives affecting Pillar 2/SREP that will need to be reflected in the revised EBA guidelines on Pillar 2 topics.
Recent developments in the Basel framework for the interest rate risk in the banking book (IRRBB), the EBA’s work on Pillar 2 capital guidance (P2G), the progress made in the areas of stress testing and supervisory stress testing, as well as the planned revision of the Pillar 2 framework in the Capital Requirements Regulation (CRR) and Capital Requirements Directive (CRD) call for a comprehensive and multi-stage revision of a number of EBA Pillar 2 related policy documents as well as for the development of new technical standards.
The EBA expects to launch for public consultation its first revision of the SREP framework by November 2017, and to implement it by 2018.
The original press release can be found here on the EBA website.