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ARTICLE · 05 DECEMBER 2019

SREP 2019 Navigating The Challenges Ahead For SSM And Non SSM Operations

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This Client Alert looks at some of the key themes for supervised institutions from the SSM's SREP 2019 process.

European UnionFinance and Banking

With November giving way to December it is again that time of the year when some, if not most, credit institutions in the EU are awaiting or processing their results and remedial action points stemming from the Supervisory Review and Evaluation Process (SREP). The SREP process itself has been evolving rapidly over the past couple of years − starting as a national-centric process, with the national competent authorities (NCAs) influenced by Basel III, to becoming one that is shaped by supervisory approaches in the Banking Union. SREP, as employed by the European Central Bank (ECB), acting in the lead of the Banking Union's Single Supervisory Mechanism (SSM), has changed some areas of how Banking Union Supervised Institutions (BUSIs) are assessed. This Client Alert looks at some of the key themes for supervised institutions from the SSM's SREP 2019 process.

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