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The Committee of European Banking Supervisors (CEBS) issued a second public consultation on the application of the Supervisory Review Process, called “Application of the Supervisory Review Process under Pillar 2”. The proposals in this second consultation paper are addressed to both supervisory authorities and institutions.
The revised draft includes new proposals, including guidelines on the general application of internal governance, and more specifically on how internal governance applies to credit institutions’ and investment firms’ internal capital adequacy assessment processes.
It also includes more detail on how the dialogue between the institution and its supervisor should be conducted, and how supervisors will use their own risk assessment systems as part of the Supervisory Review and Evaluation Process.
The deadline for consultation will be 21 October 2005.
Press release
Consultation Paper (CP03 revised)
Feedback on the first Consultation Paper