While the main focus of the proposed guidance is on banks' ability to adequately identify, measure, monitor, and control the risk associated  2  BIS Review 31/2006  with these products, the proposed guidance also addresses consumer protection, which is what I would like to focus on today.
A few weeks before the SSM officially started, we published a guide describing our approach to supervision and the key features of our organisation. We stated upfront that we would comply with the EBA guidelines on SREP, which provide a fairly detailed approach to how the banks’ risk profiles should be assessed.