These guidelines, drawn up pursuant to Article 107(3) of Directive 2013/36/EU, are addressed to competent authorities and are intended to promote common procedures and methodologies for the supervisory review and evaluation process (SREP) referred to in Article 97 et seq. of Directive 2013/36/EU and for assessing the organisation and treatment of risks referred to in Articles 76 to 87 of that Directive. The guidelines cover all aspects of the SREP in detail; this is an ongoing supervisory process bringing together findings from all supervisory activities performed on an institution into a comprehensive supervisory overview.
These guidelines also aim at achieving convergence of practices followed by competent authorities in supervisory stress testing across t he EU. They provide guidance with a view to ensuring convergence for supervisory stress testing in the context of SREP performed by competent authorities in accordance with Article 100 of Directive 2013/36/EU. These guidelines are
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