29. Following the minimum engagement model, as specified in Section 2.4, competent authorities should engage in dialogue with institutions to assess individual SREP elements, as provided in the element-specific titles.
30. Based on the overall SREP assessment and building on assessments of the individual SREP elements, competent authorities should take supervisory measures as specified in Title 10. Supervisory measures in these guidelines are grouped as follows:
a. capital measures;
b. liquidity measures; and
c. other supervisory measures (including early intervention measures).
31. Where findings from the monitoring of key indicators, assessment of SREP elements or any other supervisory activity necessitate the application of supervisory measures to address immediate concerns, competent authorities should not wait for the completion of the assessment of all SREP elements and update of the overall SREP assessment, but decide on the measures required to rectify the situation assessed, a
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