Regulatory Alerts2013-06-18
Circular No. 284 of 18 June 2013 - Instructions for compiling reports on historically recorded losses on defaulted positions
The Bank of Italy issued Circular No. 284 on 18 June 2013 to establish an archive of credit recovery activities conducted by supervised banking and financial intermediaries. The regulation mandates the calculation of historical loss rates on non-performing loans to ensure accurate risk assessment. This framework enables regulators to monitor the effectiveness of credit recovery operations across the financial sector.
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