The Committee of European Banking Supervisors (CEBS) has published today its revised Peer Review (PR) Methodology that was originally initiated in 2007.

Changes have been prepared in accordance with the revision clause of the Methodology, which requires a review within 2 years from publication in October 2007. Changes of the Methodology also reflect the lessons learnt during the first peer review exercise as summarised in the Peer Review Report on Model Validation.