ECB pledges to take ‘simplified’ approach to SREP 2020

By Tyler Davies
13 May 2020

The European Central Bank said this week that it wants to be ‘pragmatic’ with its supervisory review and evaluation process (SREP) this year, keeping Pillar 2 capital requirements at stable levels for banks amid the coronavirus crisis.

The ECB is working on refining its SREP assessment for 2020, ahead of final decisions expected in November and December.

The SREP is annual process whereby the EU supervisor examines the risks posed by banks and then sets them new capital requirements accordingly.

The exercise will ...

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