Legal & Regulatory News

ECB publish 2020 SREP results and 2021 supervisory priorities

The European Central Bank (ECB) has published the outcome of its 2020 Supervisory Review and Evaluation Process (SREP) and announced its supervisory priorities for 2021. Overall, SREP requirements and guidance are stable as a result of the pragmatic SREP approach. Banks also show resilience, but vulnerabilities remain in several areas, particularly credit risk.

Based on the SREP analysis and taking into account the situation triggered by the Covid-19 pandemic, the ECB will focus its upcoming supervisory efforts on four priority areas that have been materially affected by the current crisis: credit risk, capital strength, business model sustainability and governance.

Click here to access the 2020 SREP results.

Click here to access the 2021 supervisory priorities.