New SREP approach
BaFin information event on 4 May 2016
Before the end of summer 2016, binding capital requirements based on the new SREP capital quantification methodology are to be imposed on a selection of around 330 institutions supervised directly by German supervisors.
Against this background, on 4 May 2016 BaFin held an information event on the implementation of the guidelines issued by the European Banking Authority (EBA) on the supervisory review and evaluation process (SREP).
Representatives of various banks, the associations of the German banking industry and other firms and organisations with ties to the banking industry received an introduction to the methodology for implementing the EBA SREP Guidelines in Germany. In their presentations, Ludger Hanenberg (BaFin) and Sören Wieck (Bundesbank) gave a detailed description of the framework conditions and the new supervisory approach to future SREP capital decisions. What this has done, above all, is to enable institutions to make extensive and timely preparations for these innovations in supervisory actions. Participants took the opportunity to ask lots of questions and engage in an intensive exchange of views and information with supervisors.