EBA consults on revised guidelines on SREP and supervisory stress testing

The European Banking Authority (EBA) has launched a consultation on its revised guidelines for the supervisory review and evaluation process (SREP) and supervisory stress testing, mandated under the Capital Requirements Directive (CRD). The proposed guidelines consolidate all relevant SREP provisions into a single, comprehensive framework as part of the EBA's efforts to simplify and enhance the EU supervisory framework. The update integrates new elements, including environmental, social and governance factors, operational resilience and mandates under the revised Capital Requirements Directive (CRD VI) relating to third-country branches and the output floor.

The guidelines also align with the interest rate risks for the banking book and credit spread risk arising from non-trading book activities package and incorporate ICT risk assessment into the main SREP framework, repealing the ICT SREP guidelines (EBA/GL/2017/05). Other updates include improved proportionality, sequencing and supervisory effectiveness, with a clearer link between supervisory measures and assessment areas. The deadline for comments on the consultation is 26 January 2026, with a virtual public hearing scheduled for 4 December. Once finalised, the revised guidelines will replace existing SREP and ICT-specific guidance, with application expected from 1 January 2027. However, national competent authorities are encouraged to consider the revised guidance, and where possible, to introduce its elements at an earlier stage.

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