2024-11-28

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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Circular Letter No. CC/2024/00000049

Summary

Discloses the Bank of Portugal's expectations regarding prudential coverage for Non-Financial Corporations (NFCs) originated before April 26, 2019, applicable to less significant credit institutions.

Status

In force

Official Journal

11/2024 2nd Supplement

Publication Date

28-11-2024

Issue Date

27-11-2024

Recipient Type

Credit Institutions

Descriptors

Credit Risks, Supervision, Prudential Standards

Recipients

Banks, Central Credit Agricultural Mutual Institution, Agricultural Credit Mutual Savings Banks, Savings Banks, Mortgage Credit Institutions, Credit Financial Institutions

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