Regulatory Alerts2020-02-19
Regulation on the Application of EBA Guidelines on Arrears and Foreclosure
The Bank of Slovenia issued a regulation mandating the application of the European Banking Authority's Guidelines on arrears and foreclosure within Slovenia. This rule requires banks, savings banks, and real estate finance leasing creditors to fully incorporate these guidelines into their treatment of arrears and foreclosure proceedings for consumer residential credit agreements. Additionally, the Bank of Slovenia must consider the guidelines when exercising its supervisory powers over these entities.
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