EBA consultation on review on Guidelines for the Supervisory Review and Evaluation Process: EBF response
BRUSSELS, 06 October 2021 – The European Banking Federation has responded to the consultation of the European Banking Authority regarding its review of the Guidelines on common procedures and methodologies for the supervisory review and evaluation process.
The EBF has commented on various parts of the consultation paper, which are further elaborated in the response. The response of the EBF in particular (among other topics) comments on the:
- Inclusion of ML/TF risks in the SREP Guidelines,
- The recognition of Single Point of Entry (SPE) and Multiple Point of Entry (MPE) structures,
- The inclusion of climate risk in P2G,
- Diversification between risks and geographies,
- The setting of Pillar 2 Guidance,
- Pillar 2 Requirement and Pillar 2 Guidance for excessive leverage,
- The principle of proportionality,
- Temporary capital add-ons, and
- Transparency with regard to decisions made in the context of Pillar 2
Lukas Bornemann, Policy Adviser Prudencial Policy and Supervision firstname.lastname@example.org
About the European Banking Federation:
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.