Regulatory Alerts2020-02-17
Regulation on the application of the Guidelines on credit institutions’ credit risk management practices and accounting for expected credit losses
The Governing Board of the Bank of Slovenia issued this regulation to formally apply the European Banking Authority's Guidelines on credit risk management and expected credit losses to Slovenian credit institutions. It mandates that banks and savings banks authorized in Slovenia must fully incorporate these guidelines into their risk management practices and accounting procedures. Additionally, the Bank of Slovenia is required to consider the guidelines when exercising its supervisory powers over these institutions, with the regulation becoming applicable on 1 January 2018.
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