The EBA is mandated to foster sound and effective supervision and to drive supervisory convergence across the EU arising from the requirements specified in Directive 2013/36/EU and more generally from its obligations under its founding regulation.
Article 107 of Directive 2013/36/EU addresses the consistency of supervisory reviews, evaluation and supervisory measures, mandating the EBA to draw up guidelines for competent authorities to specify, in a manner that is appropriate to the size, structure and internal organisation of institutions, and the nature, scope and complexity of their activities, the common procedures and methodologies for the supervisory review and evaluation process (SREP) and for the assessment of the organisation and treatment of the risks referred to in Articles 76-78 of that Directive. Additionally Article 100(2) of Directive 2013/36/EU empowers EBA to issue guidelines to ensure that common methodologies are used by competent authorities when conducting annual s
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