Pursuant to the provisions of Article 143(1)(c) of Directive 2013/36/EU, the competent authorities shall publish the information on the general criteria and methodologies they use in the supervisory review and evaluation process referred to in Article 97 of Directive 2013/36/EU.
The supervisory review and evaluation process (SREP) and the Internal Capital Adequacy Assessment Process (ICAAP) are essential elements of Basel III, Pillar 2.
The ICAAP is conducted by the institutions. It is a comprehensive process including the management body and senior management oversight, monitoring, reporting and internal control reviews that institutions must have to identify and measure their risks, allowing them to ensure that adequate provision is made for holding internal capital in relation to their risk profile. The approach chosen has to be proportionate to the nature, scale and complexity of the activities of the institution concerned.
The review and evaluation process is carried out by the supervisory authority. SREP is also a comprehensive process, being used by supervisors in order to verify and assess risk exposure, as well as the adequacy and compliance of the internal capital adequacy assessment process carried out by supervised institutions. Additionally, the process implies the monitoring of on-going compliance with the standards set forth by Directive 2013/36/EU and the identification of any weaknesses or deficiencies, as well as the prudential measures required in such cases.
For supervisory disclosure purposes, the European Banking Authority (EBA) identified four conceptual building blocks of SREP 
, which are common to all supervisory authorities:
- scope of application of SREP
- individual risk assessment
- review and evaluation of ICAAP
- overall SREP assessment and supervisory measures
Tables of Information
Additional documents:
For an overview regarding rules and guidance in the EU Member States see the EBA website 
.