meta_id 3274067

On June 26, 2026, the European Banking Authority (EBA) published its final revised Guidelines on common procedures and methodologies for the supervisory review and evaluation process (SREP) and supervisory stress testing. The revised Guidelines represent a significant milestone in the EBA's efficiency and simplification agenda, building on the EBA Report on the efficiency of the regulatory and supervisory framework published in October 2025. The revised SREP Guidelines introduce targeted rationalisation measures, including a 30 percent reduction in overall page count, while preserving the core structure and objectives of the SREP framework. Key enhancements include a simplified regulatory and supervisory framework that consolidates all SREP-related guidance, including guidelines for information and communication technology (ICT) risk and third-country branches. The Guidelines introduce enhanced and forward-looking risk coverage, with increased focus on emerging risks including ICT, environmental, social and governance (ESG) factors, and credit spread risk from non-trading activities. The revised framework strengthens the risk-based approach, calibrating supervisory assessments to institutions' risk profiles and enabling more efficient use of supervisory resources. The Guidelines also clarify the risk taxonomy and interaction between Pillar 1 and Pillar 2 requirements, incorporate the Digital Operational Resilience Act (DORA), and introduce a high-level, flexible escalation framework to enhance supervisory effectiveness. The revised Guidelines consolidate the existing SREP Guidelines (EBA/GL/2022/03) and the standalone Guidelines on ICT risk assessment (EBA/GL/2017/05) into a single comprehensive framework, while incorporating new mandates introduced by the Capital Requirements Directive VI (CRD VI). Competent authorities must report compliance or intended compliance with the Guidelines within two months of publication of translations into official European Union languages. The Guidelines apply from January 1, 2027, though competent authorities are encouraged to consider the revised guidance ahead of that date and introduce elements earlier where possible. Upon entry into force, the Guidelines repeal and replace EBA/GL/2022/03 and EBA/GL/2017/05.