Article 107

Path:
Capital Requirements Directive 4 (CRD4) > TITLE VII > CHAPTER 2 > Section IV > Article 107
Title:
Article 107
Description:
Consistency of supervisory reviews, evaluations and supervisory measures
Main content:
1. Competent authorities shall inform EBA of:
 
(a) the functioning of their review and evaluation process referred to in Article 97;
 
(b) the methodology used to base decisions referred to in Articles 98, 100, 101, 102, 104 and 105 on the process referred to in point (a).
 
EBA shall assess the information provided by competent authorities for the purposes of developing consistency in the supervisory review and evaluation process. It may request additional information from competent authorities in order to complete its assessment, on a proportional basis in accordance with Article 35 of Regulation (EU) No 1093/2010.
 
2. EBA shall annually report to the European Parliament and the Council on the degree of convergence of the application of this Chapter between Member States.
 
In order to increase the degree of such convergence, EBA shall conduct peer reviews in accordance with Article 30 of Regulation (EU) No 1093/2010.