Article summary
The European Central Bank (ECB) has published ‘SSM LSI SREP Methodology—2020 edition’, which provides an update to its 2018 edition. The publication sets out the methodology for the supervisory review and evaluation process (SREP) of less significant institutions (LSIs), developed by the ECB and national competent authorities (NCAs). The 2020 SREP methodology has been enhanced in the areas of interest rate risk in the banking book (IRRBB) and IT risk assessment.
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