Regulatory Alerts2024-10-17
Circular Letter No. CC/2024/00000035
Banco de Portugal issued Circular Letter No. CC/2024/00000035 to disclose supervisory expectations regarding the identification and marking of borrowers in financial difficulty and restructured personal loans. The directive mandates that credit institutions implement specific policies and procedures to accurately classify non-performing exposures and track the performance of restructured credits. This measure aims to enhance transparency and prudential oversight within the Portuguese banking sector.
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