Guidelines on the pragmatic 2020 supervisory review and evaluation process in light of the COVID-19 crisis

These Guidelines make available to competent authorities a special procedure for the supervisory review and evaluation process (SREP) for the year 2020. In particular, they identify how flexibility and pragmatism could be exercised in relation to the SREP framework in the context of the COVID-19 pandemic.

• EBA publishes Guidelines on a pragmatic and flexible approach to the 2020 supervisory review and evaluation process in light of the COVID-19 pandemic
• The EBA observes achievements in a number of key areas of the supervisory review across the EU, but also highlights items requiring continued attention