4. Autres exigences attachées au maintien de l'agrément

The assessment of the objective elements laid down in Title II of these Guidelines will usually be carried out by the competent authority in the course of the SREP performed in accordance with SREP Guidelines. The outcomes of the SREP assessment will be reflected in the overall SREP assessment supported by the overall SREP score assigned to an institution. Pursuant to the outcomes of the SREP assessment the competent authority should base its determination that an institution is failing or likely to fail on the following:

• a. An overall SREP score of ‘F’ assigned to an institution based on the considerations stipulated in the SREP Guidelines; or
• b. An overall SREP score of ‘4’ assigned to an institution based on the considerations stipulated in SREP Guidelines and failure to comply with the supervisory measures applied in accordance with Articles 104 and 105 of Directive 2013/36/EU, or early intervention measures, applied in accordance to Article 27(1) of Directive 2014/59/EU.

It should be noted that contrary to the standard SREP procedure applied to cross-border banking groups and their entities (which pursuant to the SREP Guidelines requires discussion and coordination of the outcomes of the SREP assessment within the framework of colleges of supervisors prior to their finalisation), the competent authority upon considering assigning a score of ‘F’ to an institution, in line with Article 81 of Directive 2014/59/EU, should engage with the resolution authority following the procedure laid down in Article 32 of Directive 2014/59/EU without prior discussion or coordination within the supervisory college.