Provision of services with regard to on-site supervisory activities and related horizontal tasks.

The ECB intends to select highly qualified external service providers with experience in the assessment of banks' risks. This experience should include having reviewed compliance of significant institutions under the direct SSM supervision (hereby referred to as ‘Banks’) with banking regulation (hereby referred to as the ‘Regulatory requirements’) and having assessed applicable risk models and risk management processes. The regulatory requirements include Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26.6.2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (hereby referred to as the ‘CRR’) and Directive 2013/36/EU of the European Parliament and of the Council of 26.6.2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (hereby referred to as the ‘CRD IV’), together with the level 2/implementing regulations, e.g. Commission implementing regulations, regulatory and implementing technical standards, national discretions as well as the applicable international standards.