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In particular, the publication includes:
The comprehensive EU SREP framework, which was introduced by the EBA in 2014, is now well established and in use by supervisors across the EU. Following the global regulatory developments, as well as the EBA's supervisory convergence assessments, specific changes are needed to reinforce the framework as set out in the EBA's Pillar 2 Roadmap.
The overall SREP framework and the Guidelines remain intact and the consultation is only focused on the elements being updated. In particular, the revisions enhance the requirements for supervisory stress testing and explain how stress testing outcomes will be used in setting P2G.
The revised IRRBB Guidelines reflect developments in the Basel Committee on Banking Supervision (BCBS) and clarify internal governance and supervisory outlier tests requirements during the first phase of the European implementation of the Basel standards.
The revised guidelines on institutions' stress testing update the EBA's 2010 guidelines to reflect industry practices and the incorporation of recovery planning. The revised guidelines also feature a common taxonomy on stress testing.
Responses to the consultations can be sent to the EBA by 31 January 2018. A public hearing on all three guidelines will take place at the EBA premises on 16 January 2018 from 10:00 to 13:00 UK time.
Consultation Paper on Guidelines on common procedures and methodology for SREP
Draft Revised SREP_Guidelines - consolidated text
Consultation Paper on Guidelines on institution's stress testing
Consultation Paper on Guidelines on technical aspects of the management of interest rate risk