Since 1 January 2016 the FCA has complied with the European Banking Authority’s Guidelines on common procedures and methodologies for the supervisory review and evaluation process (SREP) (the Guidelines) when undertaking a SREP for entities subject to the CRD IV.
The FCA has now published a paper entitled CRD IV Pillar 2 Summary and Stress Testing Observations. The paper summarises some aspects of existing Pillar 2 policy arising from the CRD IV and, specifically, as a consequence of the publication of the Guidelines. Nothing in the paper constitutes a change in FCA policy, the FCA provides examples to help firms understand existing Pillar 2 policy in the context of the CRD IV.
View FCA CRD IV Pillar 2 and stress testing observations, 21 September 2016