- Competent authorities should monitor key indicators on a quarterly basis.
- Competent authorities should produce a documented summary of the overall SREP assessment at least annually.
- Competent authorities should update the assessments of all individual SREP elements at least every 3 years, or sooner in light of material new information emerging on the risk posed. For risks to capital and risks to liquidity and funding, this should include assessment of at least the most material individual risks.
- Competent authorities should inform the institution of the outcome of the overall SREP assessment at least every 3 years, and particularly provide:
- a statement on the quantity and composition of the own funds the institution is required to hold in excess of the requirements specified in Chapter 4 of Title VII of Directive 2013/36/EU and in Regulation (EU) No 575/2013 relating to elements of risks and risks not covered by Article 1 of that Regulation;
- a statement on the liquidity hel
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