The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) on Thursday 21 July published final guidelines on common procedures and methodologies for the Supervisory Review and Evaluation Process (SREP) for investment firms.
Based on the Specific Directive (2019/2034), these guidelines aim to harmonise the processes and practices of prudential supervision and assessment of investment firms.
The common framework for the SREP process, introduced in these...