Regulatory Alerts2026-01-09
Circular Letter No. CC/2026/00000001
Banco de Portugal issued Circular Letter No. CC/2026/00000001 to implement ECB Guideline 2025/2595 regarding the supervisory approach for non-performing exposure coverage by less significant supervised entities. The directive mandates that credit institutions, electronic money institutions, and financial companies adhere to specific prudential standards for managing credit risks associated with non-performing exposures. This measure ensures alignment with European supervisory frameworks to enhance the resilience of the financial sector.
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