Supervisory Review and Evaluation Process, SREP (also referred to in German as “Aufsichtsrechtlicher Überwachungsprozess”)

Requirement applicable to national supervisors under Basel II as of 2007 to review each bank once a year with regard to its risk situation, risk management, internal organization, and the quality of its management bodies. – See Accounting Task Force, Consolidated Supervisor. – Cf. Deutsche Bundesbank Monthly Report of September 2004, pp. 88 ff. (p. 90: overview of supervisors’ tasks under Basel II), BaFin Annual Report 2004, pp. 101 f. (there also on the Internal Capital Adequacy Assessment Process, ICAAP), BaFin Annual Report 2005, pp. 104 (there on the “principle of double proportionality”), BaFin Annual Report 2006, pp. 47 f. (necessary cooperation of supervisory authorities in the case of institutions with cross-border activities) as well as the respective annual report of BaFin, Monthly Report of the Deutsche Bundesbank of December 2007, p. 68 ff. (objective of the SREP; comparison with other supervisory authorities), Monthly Report of the Deutsche Bundesbank of September 2008, p. 59 ff. (management of liquidity risks).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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