EBA publishes report on convergence of supervisory practices
In May, the EBA published and submitted the European Parliament and the Council its annual report to on the degree of convergence between supervisory practices.
The latest Report on supervisory convergence for 2022 highlights the efforts made by prudential supervisors to take ML/TF risks into account when conducting the Supervisory Review and Evaluation Process (SREP) assessment and the synergies developed between AML/CFT and prudential supervisory colleges. The EBA found that prudential supervisors had incorporated AML/CFT into their supervisory priorities in 2022 and followed up on AML/CFT-related concerns.