Regulatory Alerts2024-11-28
Circular Letter No. CC/2024/00000049
Banco de Portugal issued Circular Letter No. CC/2024/00000049 to disclose prudential coverage expectations for non-financial corporations (NFCs) originated before April 26, 2019. This regulatory guidance applies specifically to less significant credit institutions, including banks, agricultural credit mutuals, savings banks, and mortgage credit institutions. The document establishes supervisory standards for credit risk management regarding these specific historical exposures.
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