Supervisory review

The following table gives an overview over the general criteria and methodologies used by the Bank of Greece in the review and evaluation referred to in Article 124 (Supervisory Review and Evaluation Process) of Directive 2006/48/EC.

For supervisory disclosure purposes, the CEBS "Guidelines on the Application of the Supervisory Review Process" under Pillar 2 are used as a main reference. The Supervisory Review and Evaluation Process (SREP) is one element of the larger Supervisory Review Process, the other elements being the Internal Capital Adequacy Assessment Process (ICAAP) Internal Governance (IG), Risk Assessment System (RAS), Dialog and Measures.

For supervisory disclosure purposes, the conceptual building blocks of supervisory activity that constitute the core of the SREP have been identified. They are common to all competent authorities: i) Scope of application of SREP (including proportionality) ii) Individual Risk Assessment iii) Review and Evaluation of ICAAP iv) Overall assessment and supervisory measures. The supervisory review table displays the explanatory notes shedding light on the expected content for each of the four categories.  

Table of information: 

Supervisory review table 

In case you require a comprehensive overview of supervisory review in Europe please view CEBS Supervisory Review.