SREP element definition

SREP element means one of the following: business model analysis, assessment of internal governance and institution-wide risk controls, assessment of risks to capital, SREP capital assessment, assessment of risks to liquidity and funding, or SREP liquidity assessment.
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Examples of SREP element in a sentence

  • We also note that these Guidelines introduce two types of scores: (i) risk scores to be applied to individual risks to capital, liquidity and funding that indicate likelihood that the risk will have a significant prudential impact on the institution (e.g. potential loss), and (ii) viability scores to be applied to the four SREP elements and overall SREP score that indicate the magnitude to risk to the institution’s viability stemming from a SREP element assessed.

  • In connection with a specific SREP element, the business model analysis (BMA), progress was achieved in the identification and assessment of material business lines, product lines and entities, including refinement of the benchmarking with relevant peers.

  • AML/CFT supervisors assess as well the adequacy of the governance with AML/CFT regulation’s requirements and the quality of internal control.We would like to draw the attention of the EBA to the following general comments which are further detailed in the annex to this document: - ML/TF risk cannot be taken into account in the SREP element as an inherent risk without distorting the SREP assessment and leading to de-risking.

Related to SREP element

  • Element means any electrical device with terminals that may be connected to other electrical devices such as a generator, transformer, circuit breaker, bus section, or transmission line. An Element may be comprised of one or more components.**

  • Limited common element means a portion of the common elements allocated by the declaration or by operation of section 38-33.3-202 (1) (b) or (1) (d) for the exclusive use of one or more units but fewer than all of the units.

  • Substance use disorder professional means a person

  • Substance use disorder means a cluster of cognitive,

  • Basic generation service provider or "provider" means a

  • Critical infrastructure means existing and proposed systems and assets, whether physical or virtual, the incapacity or destruction of which would negatively affect security, economic security, public health or safety, or any combination of those matters.++

  • Distribution System means the system of wires and associated facilities between the delivery points on the transmission lines or the generating station connection and the point of connection to the installation of the consumers;

  • Serious assault means an act that constitutes a felony violation of chapter XI of the Michigan penal code, 1931 PA 328, MCL 750.81 to 750.90h, or that constitutes an assault and infliction of serious or aggravated injury under section 81a of the Michigan penal code, 1931 PA 328, MCL 750.81a.

  • Obscene matter or an obscene performance means matter described in 1984 PA 343, MCL 752.361 to 752.374.