EBA sets out ‘special procedure’ for SREP amid Covid-19

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EBA sets out ‘special procedure’ for SREP amid Covid-19

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The European Banking Authority has told supervisors that they should remain ‘pragmatic and flexible’ when carrying out the supervisory review and evaluation process (SREP) for banks this year, confirming that Pillar 2 requirements could remain stable across the industry despite the risks posed by Covid-19.

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