+46. Where institutions are part of cross-border groups, competent authorities should discuss how …

46. Where institutions are part of cross-border groups, competent authorities should discuss how …

Where institutions are part of cross-border groups, competent authorities should discuss how they plan to perform their SREP assessment within the framework of colleges of supervisors to identify concerns at an early stage and adjust and coordinate the approach among the authorities as specified in Title 10.

Table 1. Application of SREP to different categories of institutions

Monitoring of key Category indicatorsEvaluation of all SREP Summary of the overall elements (at least)* SREP assessmentMinimum level of engagement/dialogue with institution’s management body and senior management
1 QuarterlyAnnual AnnualContinuous/ongoing
2 QuarterlyEvery 2 years AnnualContinuous/ongoing Risk-based at least every 3
3 QuarterlyEvery 3 years Annual Every 3 years, extensibleyears Risk-based at least every 3
4 QuarterlyAnnual to 5 years**years

*With the focus and granularity of the review tailored to reflect the risk profile of the institution, materiality of the different risks, and trends and emerging risks identified through supervisory activities. This can be based on previous assessments if nothing has materially changed in accordance with the available information (e.g. monitoring of indicators and reporting), regardless of the categorisation of the institution.

**The minimum frequency for assessing all SREP elements can be extended from 3 to 5 years for category 4 institutions provided that: (i) they have a stable low-risk profile, stable financial metrics and healthy margins; and (ii) the quarterly monitoring of KRIs does not give rise to concerns.

1. Panoramica

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1.1 Riferimenti

1.2 Requisiti identificati

1.3 Standard correlati

2. Requisiti identificati

Requisiti

3. Standard correlati

Standard
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