May ICAS Newsletter - Issue 19/2022

Competent Authorities made progress in the implementation of the EBA Guidelines on supervisory review and evaluation process ('SREP'). The Report also reflects consistent implementation into their supervisory practices of the key supervisory priorities for 2021. However, the Report sets expectations for additional efforts from Competent Authorities on topics such as ICT risks, namely cyber risk and business model challenges and the respective digital transformation. In addition, the Report highlights the need for more harmonised practices in the determination of capital add-ons.