2026-01-09
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.
Summary: Implements ECB Guideline 2025/2595 of 10 December regarding the supervisory approach of national competent authorities for the coverage of non-performing exposures held by less significant supervised entities.
Status: In force
Official Gazette: 12/2025 2nd Supplement
Publication Date: 09-01-2026
Issue Date: 08-01-2026
Recipient Type: Credit Institutions, Electronic Money Institutions, Financial Companies
Descriptors: Supervision, Credit Risks, Prudential Standards
Recipients: Banks, Central Credit Agricultural Mutual Savings Bank, Agricultural Credit Mutual Savings Banks, Savings Banks, Annexed Savings Banks, Mortgage Credit Institutions, Electronic Money Institutions, Credit Financial Institutions, Factoring Companies, Mutual Guarantee Companies, Investment Companies, Financial Leasing Companies
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